GBPJPY - sell after buy

FX:GBPJPY   British Pound / Japanese Yen
138 3
Sell GPJPY.. down down..
Seller kick in after a little buyer.


Comment removed.
kyanmarco Billiardo_Bucks
@Billiardo_Bucks, yeah one way to lose money is to use auto tool.
Nice idea on GBPJPY and there may be bearish potential as you have identified. The 1st resistance that we have identified is at 149. It is a horizontal swing low resistance, with 76.4% Fibonacci retracement and 61.8% Fibonacci extension. Stochastic is approaching its resistance at 97% where a corresponding reversal could occur. If a reversal does occur, we may take a closer look at the 148.1 support, which lies just above the lower limit of your take profit zone. It is a horizontal swing low support with a 61.8% Fibonacci retracement. Looking forward to see how things develop.

Please have a look at our idea and share with us what you think.

kyanmarco ICmarkets
@ICmarkets, Thanks mate..
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