bailey707
Short

GBP/JPY Going Short

FX:GBPJPY   British Pound / Japanese Yen
My analysis today is showing a strong bearish trend . The current price is projecting closer to the 38.2 line, signaling a strong intraday short sell position. Occasionally a strike occurs, previously on the chart as highlighted in yellow, but eventually becomes even and continues trending down. Also, many economic forecasts for japan aren't looking too good either, which can influence the price downwards therefore resulting in a short sell position.
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