Hi friends,
How is your day so far?
I hope you follow our weekly review trades, as they are going according to plan.
Today, I want to share with you interesting points about GBPJPY. I think, that if today ends bearish as it is now, the pair can push down to 119-120 area again.
Let me explain why. Pay attention to this chart, its a daily chart:
The RSI crossed down, the MACD just turned bearish and the double top pattern is breaking down. Plus, the BB are breaking down as well. In my opinion, as long as the pair holds daily candle below the daily 20 MA it should go to 120 or even below by end of July.
Good luck
Yours,
Vladimir Ribakov
