justatrader

GBPJPY - Watching for shorts (attempt #2)

FX:GBPJPY   British Pound/Japanese Yen
74 0 0
Previous short set up in GBPJPY             failed as price continued to push higher. However, the momentum is clearly showing signs of weakening and this could signal a correction in the near term.

Look for how today's price closes. A doji or a bearish close below yesterday could spark the correction. Targets of 132 and 130.
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