The Forex Mechanics just wants to show you what is going with GBPjpy so as to allay your fears, because we know most of you would have started entertaining fears thinking this is a lost trade for us. Know we believe this is a temporary Northward movement to give the impression that the pair will continue to the North. Well It might because we are not the Market movers we only ride on the back of the market movers to place our trade. Now let us show you a bigger picture why the Forex Mechanics believe this is not going back to the North.
This is exactly the Daily Chart of GBPjpy. You will discorver that it has reached a major Resistance Area and that was the Third Time it will be returning at that point . So we believe that its not going back to the North any time soon so we are still very much in the trade in trade but with a high level attention .
We respect a Triple Top a lot at the Forex Mechanic Workshop
We will let you know what happens later
Bless You
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