peterbokma

GBPJPY- SELL strategy

Short
FX:GBPJPY   British Pound / Japanese Yen
If you look carefully at history, we have 5 BOTTOM pattern. Considering that, and the minor risk of selling, I think we will see low 138.00.

Sell current 150.00-150.50 and place stop-loss above 152.50 (its medium term strategy). Profit 139.50 for now.
The MACD is kind of neutral turning negative, and stochastic RSI is negative.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.