GBP JPY MONTHLY TIME FRAME SHOWING WEAKNESS

8月29日

Gbp jpy falling from 200 and trying to hold on to 190 but its starting to crack. The monthly wave indicator is starting to weaken below the moving average line. 180 unlocking if not 170 in the long run. Entering with medium to leverage would be the way to ride this sell wave by having stop placed higher than 195 to be super safe or 192.5 to be safe with the take profit placed at 180 for first and 170 if it continues. Tarders with high leverage should have their own stratrgy on how to ride this wave.