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YourLazyTrader

GBPJPY Bullish momentum fading, watch out for sell opportunities

Short
British Pound / Japanese Yen (FX:GBPJPY)  
YourLazyTrader  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpydaily
22
5
trendanalysis chartpattern beyondta gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpydaily
The bullish momentum in GBP/JPY is fading. From the chart, you can see that the
price action in the highlighted zone is quite bearish as we have multiple bearish daily candles.

So, I would recommend traders to keep an eye on potential sell entries between 174.40-175
with SL above the zone and TP at 167.45
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