Well, I see GBPJPY over 186 at the moment (186.3). The level of importance is the 186.72 and it will reach it very soon.
Tradinggrouptw
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yes, but i believe the market will come back to the support at 1.85 to go further long reaching the target. Lets see how it plays out ! :)
navinprithyani
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Can you explain what is a V formation and where did you learn this? Or is this something that was taught to you all over the internet too or did you steal this proprietary information from Forex Watchers :)
Tradinggrouptw
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No, its basically a support/ resistance level being broken. Price comes back and uses it as resistance. Its common understanding of the market and not something that ForexWatchers should charge 5000 USD for.