"The upwards target of the current USD/JPY trend is about 117.35, after which a downwards trend is expected. The concurrent fall of the USD/JPY and European majors will create a good short opportunity in the JPY cross currency pairs."
"Trend analysis: the current estimated ultimate high for this trend is about 232.50" for GBP-JPY
According these 2 sentences, which one should be followed ? I mean, if european majors + USD/JPY fall, we should short GBP-JPY? or this pair has its own strong trend which keep the head to north upto 232.5?
Last question, any suggestion with SL on SHORTS moves on EUR-USD + GBP-USD to mantain the low risk high reward ratio?
thanks
"Trend analysis: the current estimated ultimate high for this trend is about 232.50" for GBP-JPY
According these 2 sentences, which one should be followed ? I mean, if european majors + USD/JPY fall, we should short GBP-JPY? or this pair has its own strong trend which keep the head to north upto 232.5?
Last question, any suggestion with SL on SHORTS moves on EUR-USD + GBP-USD to mantain the low risk high reward ratio?
thanks