GBP/JPY Daily chart
This pair is showing a major resistance at 135.43 level for past few months which has already broken last to last week and now its acting as a Support level. Plus there is a retracement level at that area too which is intensifying the support zone. Do you have guts to go long with this pair.
Whoa!! If i had a favorite channel, this would be it. EURGBP is running under the channel for 5-6 weeks now. Will it follow it further or the buyer would get exhausted with time. Whatever it is, my rule says "Always stick with the trend and never trade against it". So I will be searching for long opportunities on this pair from now on. I have marked my Target Site and I will be stalking this pair once the target site is hit.
