GBPJPY Bullish Breakout

2019-11-07 23:57:16

Here on the Weekly timeframe, you cane see this big descending trend-line, as we have continued to make lower lows and lower highs, we are in the process of establishing our new Lower high. As it stands, it doesn't look right for price action to stop it here and reverse, and of course with the GBP news always coming out, i think we will at least be spiking up to 143-143.5 region. Once the trend-line is met however, it is unclear as to what the next move will be, and i'm sure it will be entirely up to brexit news, so watch closely.

Please comment your thoughts and any trades you are in, i want to hear them!