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Forex Forum to Share, Discuss, Communicate and Trade Forex • GBP/JPY trading journal
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Re: GBP/JPY trading journal

PostPosted: Sun Mar 27, 2016 7:18 pm
by Kikizyak
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Keep in mind markets are already expecting a weaker print on UK retail sales with consensus estimates calling for a drawdown for the month of February, leaving the risk to the topside for the sterling on a stronger-than-expected print. Interim resistance targets stands at 159.40 backed by the median-line / 160.12, 160.75 & our bearish invalidation level at the weekly opening-range high.