As long as price has not reached the resistance 142.700, (It may even go a bit higher now and just touch the line 142.700 but not pass it.) I predict a downward move for GBPJPY afterwards.
So if a downtrend starts, then we can set two targets:
Share your thoughts please. I'd love to read your comments.
Happy New Year everyone
GBPUSD is in downtrend now. And I guess it will continue this way.
If the support line 1.31519 breaks, the we may see more drop to the price.
I assume it will reach 1.26790.
What's your thought on this pair?
Price in GBPAUD will fall down to 1.76464 - 1.74900
I anticipate a rise afterwards.
If the price makes its way up to 1.8468 then it'll be easy for it to reach my specified target at (1.92000) or maybe proceed from there to a higher place.
What is your thought on GBPAUD?