This pair is certainly interesting.
The pair is a big mover in terms of ADR (+ or _ve thing depending on position).
It can be a pain as seen on the last setup that had to be managed.
This analysis is base on the probably weakening of GBP longterm and strengthening of JPY short-term as it stands at the moment.
There is a probable outlook that the volume might increase giving a push towards the downside.
Previous setup
The pair is a big mover in terms of ADR (+ or _ve thing depending on position).
It can be a pain as seen on the last setup that had to be managed.
This analysis is base on the probably weakening of GBP longterm and strengthening of JPY short-term as it stands at the moment.
There is a probable outlook that the volume might increase giving a push towards the downside.
Previous setup
Trade closed: target reached:
plan A