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MarcellusLUX

A pullback is possible in GBP/JPY

Short
British Pound / Japanese Yen (FX:GBPJPY)  
MarcellusLUX  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis GBPJPY gbpjpyshort gbpjpyanalysis gbpjpytrade gbpjpyprediction gbpjpyforecast
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6
trendanalysis chartpattern beyondta gbpjpy gbpjpyshort gbpjpyanalysis gbpjpytrade gbpjpyprediction gbpjpyforecast
GBP/JPY ended the previous week on a bearish note and the bearishness
may continue in the upcoming week as well.

The 156 level is a strong historical resistance for GBP/JPY and thus it makes
sense for a correction to happen from this level.

Watch out for selling the rallies in GBP/JPY possibly near the 155.50 level
with SL above 156.60 and TP at 150.
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