DariusAnucauskas
Long

GBPJPY - 60 - Ready to pop!

FX:GBPJPY   British Pound / Japanese Yen
This has been a strong one way traffic. If it would be a rocket, then we would already be in space.

But will it continue to go higher? When is that turning point happening?

It is getting squeezed on the Hourly, so it will have its pop to one of the directions. I still believe that there is some potential to the upside, because at this point, there are a lot of people who are shorting this pair. And we all know what big institutions like to do with with us... take our stops out!
So, my idea is either wait for the established direction or you can set some orders on the levels shown with careful stops. Your call, to be honest.

I might be wrong, but I will make a call here and say that we will have a pop to the upside.

As always, be careful and keep an eye on the price action!
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out