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thekwest

Short GBPJPY

Short
British Pound / Japanese Yen (FX:GBPJPY)  
thekwest  
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY GBP (British Pound)
0
1
gbpjpy gbp-british-pound
Potential Short setup on GBPJPY with a 3:1 reward:risk ratio.
Entry reasons:
- Previous support acting as resistance
- Price finding resistance at 800EMA
- Weekly trend bearish

Exit strategy:
- Stop above recent swing high & resistance level 180.45
- Target 178.80, just before recent swing low
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