GBPJPY has broken the main up trend line on the daily and weekly. Expect a retrace north (possible short buy trading 300 pips) then look to sell at back of trend line.
Remember "look left". Past support becomes future resistance. Past resistance becomes future support. This trend line that is now broken now becomes future resistance and price typically will go back to retest it before heading the main direction.
Good luck! Let me know if you have any questions.
Charles V
CVFX Management
Trading made Simple
Remember "look left". Past support becomes future resistance. Past resistance becomes future support. This trend line that is now broken now becomes future resistance and price typically will go back to retest it before heading the main direction.
Good luck! Let me know if you have any questions.
Charles V
CVFX Management
Trading made Simple