GBPJPY – Moving Lower

Last Thursday’s short call on the 240 min gbpjpy chart duly in the overnight Asian session, since when the pair has continued to move lower.   The chart shows a healthy red trend, with a red heatmap, red volume with my double timeframe also red I am not expecting a reversal higher any time soon.

A similar pattern can also be seen on the eurjpy.

About Anna 1030 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

1 Comment on GBPJPY – Moving Lower

  1. I want to learn to trade but I have no faith/confidence in myself or those selling seminars promising you instant riches by doing it ‘their way’???

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