Opportunistic Wednesday presents us with GBP/JPY

Hello Traders,

It’s almost mid-week and the market has been quite erratic.

Let’s see if we could get some trading opportunities.

Over to our charts…

 

 

1. GBP/JPY

GBP/JPY is finally touching a previous resistance level (130.713).

The close of the daily chart will reveal a lot to us.

A breakout means we may most likely be seeing price on another bullish run to the next possible resistance level (135.351)

A reversal may prepare the Bears to pull price to a former support level (126.552)

What are your thoughts?


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