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GBPJPY > Can We Further Drop Down from Here?

OANDA:GBPJPY   Livre sterling / Yen japonais
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Analysis of#GBPJPY

the prices here trying to hold on to this level above 153.00, I believe it is not sound support and am not considering a buys after this massive selling momentum.

the momentum is still to the downside, as you see not a lot of interest in buying at this level,

so, if the market moves down ad closes below the 153.00 level I will then consider selling trade if my rules for entry are met for possible targeting 150.00



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