I am bearish now on GBPJPY, based in the big bearish engulfing candle of February, monthly TF. I think it could get to 137 in the long term...
Though it seems everybody is bullish
Though it seems everybody is bullish
Enter The Dragon - GBP/JPY 2 replies
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The Dragon 441 replies
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***Dragon II*** 15 replies
DislikedThe pair is range-bound above 147.50, but I do think there will be a new move north.Ignored
DislikedThe 148.9/149 area must fail catastrophically for any possible downside back under 147.5 etc. Otherwise possible 150/151 and all the other numbers going up to eventually turn 155/156 into support. Structure may allow marginal new high, but I wont chase it until a solid break over 149.5Ignored