GJ Update - June 14 - 4H

Wait 5 sec.

GJ Update - June 14 - 4HBritish Pound/Japanese YenFX:GBPJPYdaghandelaar110I don’t trade triangles, but I don’t ignore them either. A breakout to the upside is possible, but as long as price stays below a key resistance level, my primary bias remains short. Even if price breaks higher, I’ll stay cautious and operate on the 1H timeframe as usual. GJ is known for sharp drops. I expect a clear move within the next two weeks. On Monday, I’ll have a better view on my entry and exit for the week.