TradingView
IroncladInvestments
Apr 9, 2018 12:42 PM

GBPJPY short term sell idea Short

British Pound/Japanese YenFXCM

Description

We still are holding our bullish bias on this pair but we are approaching a key area, we will be looking to see how whether the daily candle can close above the 151.000 handle which could encourage a bullish rally to year highs. However, price is approaching key fib levels of previous swing and stochastic is signalling overbought so we are expecting a retracement to channel structure.

Trade closed: target reached

More