In this analysis, we will delve into the prospects of initiating a short sell position on the GBP/JPY currency pair. Short selling involves selling an asset, in this case, the British Pound (GBP), with the expectation that its value will decline against the Japanese Yen (JPY). By carefully examining the prevailing market conditions, economic factors, and technical indicators, we aim to provide an informed perspective on the potential profitability of a short sell position on GBP/JPY.
Trade closed: target reached
