GBPJPY - Corrective Move Ahead

Beginner Questions
1

GBPJPY gained some bullish momentum last week as it crossed 155.00 barrier. GBPJPY has been moving in ascending channel. currently testing upper trendline and resistance zone. Overall Look for the pair remains Long but with current price action anticipate a corrective move towards lower trend line, providing a Short Trading opportunity for Counter Trend Traders

GBPJPY H4 May 12th xtc.jpg700×487 47.2 KB

Best
Sardar Uddin

2

I think after the sharp Yen moves we will see a correction in all Yen pairs.