Forex Technical Outlook prediction
There are opportunities that come once decades this one of them …My trading experience in the forex market spans more than 20 years have already seen a thing or two in the markets, experienced crazy moves.I will not forget the movements of JPY crosses in the years 2012-2014 One of them was the GBP/JPY
This deal is accompanied by almost 4000 pips!
A taste from the post was written that time: GBP/JPY TECHNICAL ANALYSIS
I think friends, that we are now facing an interesting situation again, If this is indeed the case, then expect a large and rewarding movement in this cross, possible targets for archives 1600-1800 pips! Just for understanding, this movement is more than 10% in foreign exchange markets, which is considered a lot in terms of the foreign exchange market, based on leveraged orders and transactions.
GBPJPY pair trading above its pivot point 151.30. It is likely to trade in a higher range as far as it remains above its pivot point. As far as the price is above its pivot point, a long position is recommended with the first target at 160 and the second target at 169 Price actions from 120 is viewed as a consolidation pattern with a rebound from 194 as consolidation. Rise from 160.30 could extend beyond 169/171. short Resistance levels: 155.60- 153.40-154.20, a key level at 151-152
This review does not include any document and/or file attached to it as advice or recommendation to buy/sell securities and/or other advice