GBPJPY: 400+ PIPS SETUP Do Not Miss Out

dear traders, hope you had a great weekend, now back to the business , we are expecting price of GBPJPY to reach the top in coming days, as the JPY will continue the bearish trend. GBP however, it is yet to be bullish as long as DXY remain extremely bullish. It will be hard for the prices to have strong bullish price action.

Comment:

Price currently bearish and still dropping so we have second area of entry!!

Trade closed: stop reached:

Due to economic conditions that feared investors. In this condition where fear of recession is significant. That’s where investors look for safe haven currency like JPY. JPY is best known for its safe haven status, in many times where investors feel the risk of economic shakedown, this is where they look a stable currency and JPY comes first.

This is what happened yesterday, the significant drop in price was related to this factor only.