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cktrades
Jan 9, 2017 11:53 PM

GBPJPY Short

British Pound/Japanese YenFXCM

Description

long term i believe pound to be bullish on this pair, as on weekly/Daily TF the pair has created a bullish trend.

in the short term it looks to be retracing to a former resistance which i expect to form support. (red support line at TP)

so to take advantage of the short term bearish behaviour i have planned this idea to short.
Comments
MartinMoss
I agree with you ( consiliuminvest.com/ideas?idea=3708-time-for-correction ) . now it's time for correction around 142.20-142,40. Then it will fall down once again.
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