GBPJPY
Although price is still bullish i would prepare for possible reversal.
JPY historicly straightens from january to april (fiscal year end jpn).
You can also expect big institutional players to take profit which will create a demand for USD and JPY thus straighten them.
Basically i expect risk off trading conditions for the next month or two.
Blue zone is the key if price closes below we will know which way price will go.
JPY historicly straightens from january to april (fiscal year end jpn).
You can also expect big institutional players to take profit which will create a demand for USD and JPY thus straighten them.
Basically i expect risk off trading conditions for the next month or two.
Blue zone is the key if price closes below we will know which way price will go.
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