YourLazyTrader

GBP/JPY approaching resistance, sell if the resistance holds

Short
FX:GBPJPY   British Pound / Japanese Yen
Hello traders and Tradingview Community! During the Asian session yesterday, I advised
you to buy GBPJPY when the price was at 179.40. If you followed it, you have made over
400 Pips profit so far.

Now, at the moment, GBP/JPY is approaching a resistance level. Keep in mind that
the resistance level around 184 is not too strong. That being said, if there is formation
of bearish price action near the 184 level, we can consider selling GBPJPY@184 with
SL above resistance and TP at 181



Trade active:
Sold@183.80
Comment:
Added another sell@184.05, I am seeing price struggling at the 4h resistance
Comment:
50 Pips in profit
Comment:
expecting more bearishness to come soon

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