GBPJPY: Trend Weak, Expecting Shorts Into Market Soon! #Forex Short

British Pound/Japanese YenFXCM

Description

⋅ Aug 3, 2015 8:43 PM

Friends

Trend looks weak, showing obvious resistance levels off, Ma's are struggling to stay apart, suggesting weakness.
Rest of the notes on the chart ;-)

Best of luck
Tom

Comments

DarrynLaMonte

⋅ Aug 3, 2015 10:37 PM

Thanks for confirming what I was already thinking!

TomProTrader

⋅ Aug 3, 2015 10:39 PM

No problem!

FullTimeTrader

⋅ Aug 3, 2015 10:03 PM

Agree, im already short since last week. The trendline would be a good target.

TomProTrader

⋅ Aug 3, 2015 10:45 PM

Yeah, it's a strong reaction zone...

Marvin

⋅ Aug 3, 2015 10:00 PM

Thanks Tom.

TomProTrader

⋅ Aug 3, 2015 10:39 PM

No problem.

jonatsgonats

⋅ Aug 4, 2015 10:56 PM

JPY has not really moved for weeks already... all yen Pairs move according to the other currency so GBPJPY we will know direction on Thursday.