GBPJPY - Daily - It could roll-over.
Ok, so it's balancing on that trend line. It could work out as potential bounce or a break to the downside. Tomorrow will tell. But for some reason, I have this gut feeling, that this could fall.
If to trust Stochastics, then the bias is to the downside. But if today's candle will stay positive, then the next one could be like that North Korean ballistic missile that will go high, but eventually drop.
I will be looking for that break and then I will be closely monitoring the activity with the potential to SELL.
If this will get to around 150.850, then look for some SELL positions.
If this will start clearing 151.250, then stay sharp, because the next level could be 151.850 and maybe higher.
Keep an eye on the price action!
If to trust Stochastics, then the bias is to the downside. But if today's candle will stay positive, then the next one could be like that North Korean ballistic missile that will go high, but eventually drop.
I will be looking for that break and then I will be closely monitoring the activity with the potential to SELL.
If this will get to around 150.850, then look for some SELL positions.
If this will start clearing 151.250, then stay sharp, because the next level could be 151.850 and maybe higher.
Keep an eye on the price action!