FxWirePro

GBPJPY- Sell on rallies

Short
FxWirePro Updated   
FX:GBPJPY   British Pound / Japanese Yen
Technically in the 15 min and 30 min chart, the pair is holding below short-term 21-EMA, 55 EMA, and above long-term 200 -15 min EMA (164.94)/164(200- 30 min EMA).

Itis good to sell on rallies around 165.30-31 with SL around 166.30 for TP of 163
Comment:
Any break below 164.85 confirms bearish continuation
Comment:
It Breaks 164.85 after a long consolidation. A dip to 164 is possible
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