GBPJPY - Thank you and signing off!

Good evening ladies and gentlemen

I hope you all had a wonderful weekend. Not long to go before the opening whistle so I hope you are all recharged and well rested.

This is the update I was supposed to put up on Friday but due to a jam packed day didn't get a chance to. So lets see how the GBPJPY finished up the week. I left with you with a question on Thursday which was if price was doing a retracement, where would we anticipate it going to. I didn't mention, but I gave a clue with a trendline I had drawn in on the 4hr chart. This trendline in deed held strong rebounded and spent friday making up for the lost ground.

Below is the 1 hour chart. So what next for this cross currency, can we expect a further move south or a retest and break of the RN? What is the direction of Big Brother? What are the other indicators saying? Remember the market is always correct. All we can do is do our own analysis and trust it according to a stringent set of rules that make up our own personalised TP. I will leave you to do this and to get ready for the week ahead. I think she is worth a position on your watchlist don't you think??!!




Alright Rich. I hope you had a top weekend sir. Give me till tomorrow to do your riddle please. And my answer was indeed a trick question. I don't drink alcohol! Sorry silly riddle I know!!

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari