GBPJPY Short Idea

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Hello traders.

GBPJPY is approaching the red resistance line drawn. I believe we could be looking to enter shorts from this region. I would aim to retest the support trend line drawn within the next day. Would suggest waiting a bit longer until the red resistance or higher is tested to then open a short. I think we may, in an unlikely scenario see a push to the purple trend line before entering a short. I would expect a slow push down. I would recommend taking profits partially once every support/resistance zone is tested.

Hope this plays out.

This is just technical analysis . Do not follow this trade blindly!


If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from.

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매매 수동청산
Closed at 133.800, appears to now be more bullish than previously thought.
Beyond Technical AnalysisGBPJPYgbpjpyshortgbpyengjpoundjpypoundyenTrend Analysis

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