GBPJPY DAILY OUTLOOK 16th MAY 2017

١٦ مايو ٢٠١٧

Last week on the Daily chart, we can see a Bearish Engulfing pattern on the Daily resistance. Concurrently after the BOE monetary policy remain unchanged and weak data from Manufacturing Production m/m that leads the price to rally down a good 200 pips.

Based on that, we could potentially see a pullback on the Daily before the long continuation.

t.me/empiretrading