GBPJPY APPROACHING A SIGNIFICANT HIGH
From a daily outlook, GJ has been on a bullish run for about a month now. At present, the pair is approaching a 3 month high at 158.00 after extensively breaking through 156.00 - Very much likely, 158.00 might offer some resistance to price, providing a logical shorting opportunity for a deeper correction on the impulse leg down to the most recent high at 154.50.
PS: Trading is reactive not predictive, until reversal signals confirm this bearish bias, don't short.
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PS: Trading is reactive not predictive, until reversal signals confirm this bearish bias, don't short.
Thank you! Do hit the like button and leave a comment if you found this helpful.
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