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BlackPipper

Short Sell Idea in GBPJPY: Simple Setup

Short
British Pound / Japanese Yen (FX:GBPJPY)  
BlackPipper Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns volumespreadanalysis
4
0
trendanalysis chartpattern volumespreadanalysis
The pair has swiftly moved downside on increasing volume while the price has also crossed and remained below 20 sma. RRR is above 3 in this trade.
Trade closed: stop reached:
We stopped out on this trade; however, the bias is still bearish. We will look for a fresh entry following updates of GBP/USD and USD/JPY.
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