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Pound Still Bearish Against The Yen

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 24, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBP keeps falling against the USD, no pullback yet, so We are looking at some other GBP-pairs for possible entries on the short-side. At the moment we can see weakness on stocks, so if this week continue than GBPJPY can be interesting. Below we are looking at hourly chart with an impulsive bearish price action so entries on the short-side in one of coming fourth waves may not be a bad idea. GBPJPY, 1H

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