GBPJPY- Trend line breakout

Short

British Pound / Japanese Yen (FX:GBPJPY)

Updated

FX:GBPJPY British Pound / Japanese Yen

Trend Analysis Beyond Technical Analysis

GBPJPY lost its shine on weak UK CPI. It hits an intraday low of 180.27 and is currently trading around 180.44.

It is good to sell on rallies around 180.58-60 with SL around 181.60 for a TP of 178.10.

Comment:

Any break below 179.90 confirms further bearishness

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