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SIDCapital

GBPJPY short

Short
British Pound / Japanese Yen (FX:GBPJPY)  
SIDCapital  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns GBPJPY gbpjpyshort
2
0
trendanalysis chartpattern gbpjpy gbpjpyshort
GBP pairs still showing downtrend. As as you can see that double bottom can be seen at this time frame. Thus, it will retrace upwards before making a huge downfall.

Key Trading Plan:

i) wait for retracement price to short around price 132.739
ii) stop loss is around 133.636
iii ) take profit is at 130.773

Author:
S.I.D. Safiq
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