peterbokma

GBPJPY-SELL strategy Daily chart

Short
FX:GBPJPY   British Pound / Japanese Yen
The pair is moving within a wide channel, and perhaps a rising wedge has formed as well within the channel (or part of it). The stochastic and MACD are negative, and looking at top of channel and base of it, one should be inclined to SELL.

Strategy is sell @ 184.75-185.75 and place stop-loss above 188.00. The profit order somewhere @ 182.25.

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