128.6 has very little significance compared to the 3 quarterly close which were dead on 131.6
Anyway, it's okay, I don't trade other yen crosses. thanks for the reply.
good luck
here it is ... you dont have to trade other jpy crosses,but it can be a better indication where are we going ,if you feel uncertainly of gbp/jpy predictions..
here is gbp/jpy weekly ..
we are trading now for the 13th week in a bearlfag on weekly chart. so far therse is just no indications of any reversals on any cross so far ! , ok say we are onroute and break that bearflag,, how can we only go to 131.50? or even 128.60? im guesing we are in for the lows here after the break of that flag.
131.60 is def a strong supp ,and no doubt that buyers waiting on that level,and 128.60 and 123.80 and also 118 and even lower .
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