Will begin to log my posts in here from next week onwards.
Meanwhile, do visit me at my blog!
Meanwhile, do visit me at my blog!
Bull Bear Zone - Anthony Tan 18 replies
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TRADE OF THE WEEK - GBPJPY SHORT
Here's the trade of the week - GBPJPY
Kinda risky ahead of the BOJ rate decision tomorrow.
But Forex is all about risk isn't it?
Pair is currently capped by 100 MA on the weekly chart, followed by a lower high and lower low for the past two weeks.
Since the pair is pretty heavy still, I will anticipate it to search for the 126.000 area where 50MA, double bottom pivot, before continuing it leg up higher later into late this year and probably into the next.