GBPJPY: FFP Weekly Projection
GBPJPY has been in an uptrend, since September 22, 2020.
Price is approaching a resistance zone, and we may see a retest at the ~137.500 zone.
The Governor of the Bank of England, Andrew Bailey, will be speaking at a virtual Citizens’ Panel Open Forum, on October 12, 2020, at 12:00pm EST. GBP traders may experience a lot of volatility, around this time.
We will be waiting until price retraces to, and retests on, the ~137.500 zone, at which point we will be looking forward to BUYING.
GBPUSD: FFP Weekly Projection
GBPUSD has been in an uptrend, since September 22, 2020.
Price broke out of the trend on October 6, 2020, but has recently gone back into the trend.
The Governor of the Bank of England, Andrew Bailey, will be speaking at a virtual Citizens’ Panel Open Forum, on October 12, 2020, at 12:00pm EST. GBP traders may experience a lot of volatility, around this time.
We will be waiting until price retraces to, and retests on, the ~1.30000 zone, along with a strong indication of downside rejection, at which point we will be looking forward to BUYING.