GbpJpy- New drop to 160 zone?
After reaching 160 important zone last week, GbpJpy has started to rise and made a local high above 164 yesterday.
However, bulls were incapable to hold gains and the market closed in the red.
Overnight also the trend line was broken and yesterday's high can mark a lower high in a sequence that started in late June.
I'm bearish on this pair as long as yesterday's high is in place and I expect 160 to be touched again.
Sell rallies is my strategy
However, bulls were incapable to hold gains and the market closed in the red.
Overnight also the trend line was broken and yesterday's high can mark a lower high in a sequence that started in late June.
I'm bearish on this pair as long as yesterday's high is in place and I expect 160 to be touched again.
Sell rallies is my strategy
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