Hello traders, Japanese PM Shinzo Abe potentially resigns over health concerns. Having a PM who was in charge of the struggling Japanese economy for so many years resign now could create some risk-off mood. He was in charge of Japan since 2007, getting it through the Great Recession and the current crisis.
Currently, price is testing a critical daily level around 141, at the moment it is struggling to go and close above. We shall see how the Friday candle closes.
Also, an uptrend line with several touches. There is a possibility to short the break of the uptrend line next week. Or see if we close above the resistance zone today to open more buying opportunity.
Please support the idea and share your thoughts on GBPJPY!
Good Luck and Stay Healthy!
Currently, price is testing a critical daily level around 141, at the moment it is struggling to go and close above. We shall see how the Friday candle closes.
Also, an uptrend line with several touches. There is a possibility to short the break of the uptrend line next week. Or see if we close above the resistance zone today to open more buying opportunity.
Please support the idea and share your thoughts on GBPJPY!
Good Luck and Stay Healthy!