GBPJPY- 100 easy pips
The forex market has been pretty interesting lately, July isn’t usually much of an interesting month and we’ve seen endless trends across USD pairs among others.
We have made some nice profits on JPY pairs over the last few months and I think we have more coming.
GBPJPY looks interesting in the near term if it breaks out to the downside soon, if not I still like the set up but it’ll be a few more days or even a week+ before we get further confirmation.
Right now I want to see if this pair can get below 145.00, if so there should be an easy 100 pips into 144.00. Otherwise if it continues higher we will have to see what happens at 148.00 (big level on daily/weekly chart).