The British pound initially fell against the Japanese yen on Monday but turned around to form a hammer. Because of this, looks as if we are going to try
The British pound initially fell against the Japanese yen on Monday but turned around to form a hammer. Because of this, looks as if we are going to try and bounce, but we are most certainly in a downtrend and have certainly seen a breakthrough of resistance recently. Because of this, I’m waiting to see and exhaustive candle that I can start selling. I have no interest in buying currently, and I would also be a seller on a breakdown below the bottom of the daily candle for the Monday session. With this, I remain bearish.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
