FFP Weekly Projection (10/11/2020 – 10/17/2020) 💱

GBPJPY: FFP Weekly Projection
GBPJPY (1h)

⬆️ 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 (4h)

⬆️ 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.

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