FxWirePro
Short

GBP/JPY Short Term Outlook

FX:GBPJPY   British Pound/Japanese Yen
213 1 2
GBP/JPY             has made almost a double top around 185 and is retreating from that level. 183.50 is acting as neckline and any break below will target 182.50 ( 61.8% retracement of 181.03 and 185.01)/181.60

The pair’s minor resistance is around 185 and any break above will extend gains to 185.97.

Indicators (4 hour chart)
CCI (50) – Buy
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell GBP/JPY             around 184.20, SL 185.05, Targets 182.51
MACDaddy
2 years ago
thx for the post, in at 184.195 (practice).
new at all this, diggin' ichi!
up 3 pips already! 8)
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