The picture for the pair is pointing for a lot of potential downside, the correction of the impulse down started on 2007 may have ended at 197 as a C wave and by all means we look to have started a new impulse down so that means we may reach 80's before end of the year, this obviously won't be a difficult task provided that GBPUSD should resume big downside soon and USDJPY already begun a down impulse so it's just a matter of time.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
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