GbpJpy- Correction underway?
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Although choppy and volatile, GbpJpy had a good run from 138 support and has reached 145 strong resistance.
Yesterday is marked by a very small pin bar and this can be the signal that the pair is ready to correct.
143 zone is the possible target for such a correction.
A daily close above the recent high would negate this scenario
- Almost 20y experience (I trade from 2002) as a full-time trader
- Clear charts with targets and SL
- Clear and concise explanations
Although choppy and volatile, GbpJpy had a good run from 138 support and has reached 145 strong resistance.
Yesterday is marked by a very small pin bar and this can be the signal that the pair is ready to correct.
143 zone is the possible target for such a correction.
A daily close above the recent high would negate this scenario
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