The GBP/JPY pair had a slightly positive session during the day on Monday, but nothing overly exciting at this point in time. Ultimately, this is a market
The GBP/JPY pair had a slightly positive session during the day on Monday, but nothing overly exciting at this point in time. Ultimately, this is a market that has quite a bit of bearish pressure in it, and with this I believe that an exhaustive candle should present itself as a trading opportunity sooner or later. I believe that this is a market that you cannot buying, and that the 130 level above should be the ceiling. I believe that the 125 level below is supportive, so at this point in time I think we need to attempt to break down below it several times in order to break down completely.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
