GBP/JPY Daily Forecast 16th August
Hello traders,
This is the Daily forecast for GJ. Lately we've had huge selling pressure on the market. I don't think we are done yet but very well would be. In my eagle eye I see us taping in to 149.5. But not today my friends.
For today I have set 151.4 to 151.2 as the Premium buys area where I think the buying pressure will likely hit the market.
Break of 151.516 would give me a indications of sells to 151.4. A small range to trade but I set it out anyway.
I set out 151.642 to 151.740 as a no trade zone. I don't suggest to take trades there as there can be manipulation happening.
Instead I set out break of 151.754 as my level to look for buys till 152.462.
Let me know in the comments what do you think of GJ?
Best regards,
LoneFX (CocoTradesFX)
This is the Daily forecast for GJ. Lately we've had huge selling pressure on the market. I don't think we are done yet but very well would be. In my eagle eye I see us taping in to 149.5. But not today my friends.
For today I have set 151.4 to 151.2 as the Premium buys area where I think the buying pressure will likely hit the market.
Break of 151.516 would give me a indications of sells to 151.4. A small range to trade but I set it out anyway.
I set out 151.642 to 151.740 as a no trade zone. I don't suggest to take trades there as there can be manipulation happening.
Instead I set out break of 151.754 as my level to look for buys till 152.462.
Let me know in the comments what do you think of GJ?
Best regards,
LoneFX (CocoTradesFX)
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