In a post a few days ago I listed the GBP/JPY as a pair I was watching for a potential sell trade. All the yen pairs are looking like they are setting up for a sell trade, especially the GBP/JPY, USD/JPY and CHF/JPY. All three of these pairs have a strong, slightly upward trend line which has formed over the last few week. The GBP/JPY has formed a secondary trend line almost parallel to the base trend line. I'm still looking to trade the GBP/JPY, but will be watching the others as well.
Happy Trading!
Happy Trading!
