Preparation for 120 possible 117 on GBPJPY WEEKLY OUTLOOKAfter Anticipating Last weeks drop to 128. we were able to making a beautiful 600 pips holding strong trades down to last weeks D point on our ABCD, this week i am expecting a steady move down to the 120.5 price area in consistency with our next POI. right now we have a possible smaller bat pattern forming on the 15 minute chart at 131.4 and i am expecting 131.7 before taking its dive down to 127.9 , retracing and going all the way for 120.5. But we may just as well see 117 as this was my first analysis 3 hours after Brexit will post updates as needed. feel free to ask questions.
***I will never give out signals on when to Take or close trades, i am simply showing where i think price will be heading my outlook on the pair though i always trade everything i post.****
