GBPJPY is bearish market + 270 pips (UPDATE)

Hi Traders, thank you for watching this COT video analysis. Hope this helps you understand the background behind price movement. As we can see the banks are bearish on the GBP and bullish on the JPY, I expect it to drop soon.

Initial analysis:

FX Hunter Strategy is based on mainly watching the big picture of overall world economy and dividing the FX pairs in to couple baskets.Following the volume of big players ( COT by CFTC) and tick volume helps to see what the market movers are doing. Parallel channels, Supply / Demand and Market Profile are used to determine levels of interest for the trading. Slight usage of Elliot waves for the market structure.