Is that the sign?

Hi friends,

For some time, I am talking about the JPY pairs. Now for the first time for long time, we got some false breaks on some pairs. The main interesting things for me – USDJPY and GBPJPY.

Let’s see what I talk about.

GBPJPY 4H (Click to enlarge):

There was a very clear false break during divergence, on a top. That could be the beginning of the down move to the trend line.

And here is the USDJPY 4H:

While the GBP already broke the low, USDJPY still didn’t. Break below the marked low should open the doors for a move down to the range on the chart with final target at the GAP price.

Is that the sign for a retrace? Even if not, it is a sign that the bears are getting in. And if not with this break, it’s about to begin within few weeks max.

So good forex trading friends

Yours,

Vladimir Ribakov
http://www.vladimirforexsignals.com/

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.