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JoeChampion

GBPJPY Potential Downsides

Short
British Pound / Japanese Yen (FX:GBPJPY)  
JoeChampion Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Beyond Technical Analysis Fundamental Analysis GBPJPY GBP jpy SELL short Bearish Patterns Technical Analysis Contains image
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trendanalysis beyondta fundamental gbpjpy gbp jpy sell short bearish technicalanalysis containsimage
Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 163 zone. GBPJPY is trading in a downtrend and now seems to be rejecting 163 support and resistance zone around the trend. if the rejection is confirmed i would consider the bearish channel support as a target. Fundamentally the Yen is considered a safe haven in time of uncertainty and during crisis so i still expect JPY be outperforming considering also that the market is expecting major changes in monetary policy from the BoJ.
Trade safe, Joe.
Comment:
what a Sniper entry, 200 pips drop it is!
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UnknownUnicorn15614419
✅TS ❕ GBPJPY: down trend✅
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