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Mihai_Iacob

GbpJpy at confluence support

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Mihai_Iacob  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpy_outlook gbpjpysell gbpjpyidea
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trendanalysis chartpattern indicator gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpy_outlook gbpjpysell gbpjpyidea
In my last GbpJpy analysis I said that I will sell this pair on confirmation. Since then GbpJpy dropped 100 pips and now is trading just at the confluence support.
A break here should accelerate losses and give scope to my 135 target.
Sellers can try to sell rallies and only a daily close above 140 would change my bearish outlook at this point
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