Maveric12

Possible short ahead

Kort
Maveric12 Uppdaterad   
OANDA:GBPJPY   Brittiska pund/Japanska yen
Over the last two weeks we have see and consolidation in a transition zone with lower lows. Currently price is sitting above a volume point of control. A point of control like this can provide substantial support or resistance. The sagging RSI leads me to believe that price will drop however before entering the trade id like to see price fall below the point of control. If that happens I believe price will fall to the next volume node. Enter around 148.048 Stop at 148.800 and target at 145.060.
Happy trading

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