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TopTradingSignals
May 5, 2021 6:34 PM

GBP-JPY Risky Short From Resistance! Sell! Short

British Pound/Japanese YenFXCM

Description



Hello,Traders!
GBP-JPY
is retesting the strong horizontal resistance again
Which encourages me to consider a short trade
However, the price action at the level this time
Is somewhat suspicious therefore, I’d we waiting for the confirmation
Like a double top or a breakout
But should you wish to short anyway, please risk no more than 0.5% for the funds
Sell!
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Comment

Target 1 reached!
Comments
jojofang0901
Agree with a bearish price action to continue :) thx
TopTradingSignals
Do you think it will fall, or are you expecting a breakout?
herbiewilman
@TopTradingSignals, expecting a drop
TopTradingSignals
@herbiewilman, thanks for the comment!
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