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Pak_shaheen

GBPJPY Reaching Weekly Resistance / Volume Cluster

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
Pak_shaheen  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Support and Resistance Supply and Demand gjshort GBPJPY gbpjpyshort bankofengland gbpshort yen pound gbpjpyanalysis gbpjpysetup
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trendanalysis supportandresistance supplyanddemand gjshort gbpjpy gbpjpyshort bankofengland gbpshort yen pound gbpjpyanalysis gbpjpysetup
GBPJPY is Arriving at a weekly Volume Resistance. lets see how the price behave at this level marked on the chart. There are also high impact news today and tomorrow on Pound and Yen. I am short biased but still the price is in an uptrend so I am waiting for a correction of at least 150-200 Pips. The MACD also shows a divergence on a 2hr time frame and a heavy bearish divergence on 1hr. stop loss should be 45 pips. Good Luck! Trade responsibly. Use proper Risk Management.

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Pak_shaheen
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