ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
(27October US) Latest Impact: GBPJPY bearish a la bullish cycle!
GBPJPY is trading on its own standard, and it is a wave-laggard comparing its axe to other yen crosses. The low of the week is important for the next move; a close below 14919 and the pair may head towards 50% Fibo 146band. Aggressive traders may be on sell mode for now as price action almost reading 15020 but a close above 15170 will endanger the bearish move and should be set for an exodus. If you are holding a bullish position, then do not allow a close below 14919 to run your position further.
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