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Sep 9, 2018 11:31 PM

GBP/JPY (Daily Chart) - Good Chance to Short? Short

British Pound/Japanese YenFXCM

Description

This pair has been exhibiting a typical downtrend (lower highs and lower lows), which makes it a good short candidate.

Price has now pulled back to the resistance level, and is unable to cross above it after a few failed attempts.

This is a good chance to take a high probability short trade.
Comments
FXCM
I am short on GBPJPY as well but with a higher entry of 145.723:
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