I AM A BEAR ON JPY BECAUSE OF QE BY THE BOJ AND NEUTRAL ON GBP
GBPJPY DAILY
MARKET IS BEARISH AND PRICE IS FLAT WITH PRICE JUST ABOVE MM1. SUPPORT IS AT MS2/135.5. STOCHASTIC IS OVERSOLD. IF PRICE BREAKS RESISTANCE AT MM2/138.5 I WILL LOOK FOR A HIGHER LOW ON LOWER TIME FRAMES
GBJPY H4
MARKET IS FLAT AND PRICE IS BULLISH AT WM3 WHICH IS RESISTANCE. WE HAVE SUPPORT AT 136.5, JUST BELOW WPP WITH STOC MOVING TOWARDS OVERBOUGHT
GBPJPY H1
PRICE IS AT WM3/RESISTANCE JUST BELOW DR1 AND WE HAVE SUPPORT AT DPP/136.5 WITH AN OVERBOUGHT STOC
