GBPJPY 138.000 LONG TERM BIAS

1 באפר׳ 2020

As I write this article GBPJPY is trading at 133.000 key level. I have been in sells since the 134.100 region which I am looking to hold until 131.000-130.000... From these 2 key levels I will be watching for reversal signs to enter long positions. Based on how the GBP is trading on the Daily and Weekly timeframes I feel 137-138.000 is in our sights to test the 800 ema. It has been a fairly quiet week for GBP news which is why we aren't getting much movement out of her this week; but we have major news on Friday and 1 other thing on Thursday morning during the London session. I hope everyone is doing well during this global pandemic (Covid-19) and stay safe!