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YourLazyTrader
Jun 6, 2023 3:43 AM

GBPJPY Bullish momentum fading, watch out for sell opportunities Short

British Pound/Japanese YenFXCM

Description

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
Comments
basictradingtv
thanks mate, JPY still bearish though!
YourLazyTrader
@basictradingtv Yes you are right
The_Third_Eye
Yes
Tolberti
Thanks for your idea, well done!
Winner77777eb
Greetings, are you seeing an evening star on the daily also?
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