i made a statement 1 month ago,that the eur/jpy had more leverage to the downside than the gbp/jpy...
the gbp/jpy wont see below 135,,, i will say it again,possibly a spike low to 130,and that will be the the low,before a tortous basing ought to start..
many traders here, say 118 and below,, but i stand firm we wont see below 130 ..
the NZD and the AUS are extreme bearish and the COT reading say a reading of 100, that is bearish reversal... but again the jpy is extreme bullsih,.. but its a mess with the gbp..
you might get a better return with a aus/jpy and nzd/jpy than the gbp/jpy ..
but trade your charts!
the gbp/jpy wont see below 135,,, i will say it again,possibly a spike low to 130,and that will be the the low,before a tortous basing ought to start..
many traders here, say 118 and below,, but i stand firm we wont see below 130 ..
the NZD and the AUS are extreme bearish and the COT reading say a reading of 100, that is bearish reversal... but again the jpy is extreme bullsih,.. but its a mess with the gbp..
you might get a better return with a aus/jpy and nzd/jpy than the gbp/jpy ..
but trade your charts!