GBPJPY, ITS 142ISH LEVEL AND THE AUSTERITY FORECAST

British Pound / Japanese Yen (FX:GBPJPY)

Updated

FX:GBPJPY British Pound / Japanese Yen

trendanalysis chartpattern beyondta gbpjpy money marketmaker structure marketstructure priceaction

GBPJPY is being reject from the 142 - 143ish level. If you look back on weekly, it's where price played a lot before forming this year's low. Right now, it looks that price won't stay in that area for too long, so I'm looking for that break on daily. Also, in the fundamentalist scenario, we don't see GBP`falling even more (of course it might happen, but...). So let's see what this pair holds for us.

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Target 1 Reached. Lets keep rolling

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