GBPJPY
Is GJ rejecting weekly FHB sell level or stalling to close below for further selling. At the moment the 4hour FLB is still holding up and daily has been spiking off the weekly FHB sell at 177.48 for 4 days. What will it be? Massive reversal or Major selling continued. At the moment resistance to watch is the daily FHB sell (bar date 27 Jan 2015) level at 177.94 which today's daily bar closed below. This could be just what bears need to push lower.
Is GJ rejecting weekly FHB sell level or stalling to close below for further selling. At the moment the 4hour FLB is still holding up and daily has been spiking off the weekly FHB sell at 177.48 for 4 days. What will it be? Massive reversal or Major selling continued. At the moment resistance to watch is the daily FHB sell (bar date 27 Jan 2015) level at 177.94 which today's daily bar closed below. This could be just what bears need to push lower.
Time it carefully, Plan it thoroughly, Trade it confidently!