CoinCaller

GBPJPY CONSOLIDATION, BIG MOVE EXPECTED!

FX:GBPJPY   British Pound / Japanese Yen
AFTER RECENT BULLISH STRENGTH THE MARKET IS CONSOLIDATING, I'M EXPECTING AN OUTBREAK THIS COMING WEEK. WE NEED A CLEAR BREAK OF THE 142 ZONE AND SHOULD SEE A CONTINUATION OF TREND TO THE NEXT LEVEL OF 148. ALTERNATIVELY WE COULD SEE A SURGE DOWN TO RETEST PREVIOUS LEVEL/TRENDLINE, PERSONALLY I WOULD EXPECT A BULLISH OUTLOOK TO BE MORE LIKELY BUT WE WILL HAVE TO SEE.
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