Chart of the Day: GBP/JPY & Buying Sentiment

Hi friends! So sorry I haven’t updated the blog in what seems like AGES but I’m back now. Promise. πŸ™‚

As you all may have noticed, we’ve been experiencing a buying sentiment in the market. It’s been a good few days, today’s movement has been kinda or hit or miss but overall, a great week so far.

Let’s look at GBP/JPY:

gbpjpy-43009

This pair rose almost 800 pips in the last 2Β  days. If any of you happened to hold this trade for the last 48 hours, then you must be bouncing off the ceiling with happiness. EUR/JPY also moved big, moving approximately 700 pips.

Expect some pullback either tomorrow or early next week. What goes up must come down..eventually. I will keep you all updated, don’t forget to check my Twitter! Also, if you have a Twitter account, follow my mentor’s tweets. Remember me mentioning her in my first post: An Introduction? Her Twitter name is FX Princess . Check out her list of potential trades, they are spot on. Thanks so much!

Happy Hunting, everyone. πŸ™‚

Forexgal_1.

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