tradingtomnl

Possible short on GBPJPY - short/medium-term

Short
tradingtomnl Updated   
FX_IDC:GBPJPY   British Pound / Japanese Yen
Since GBPJPY is in a downtrend and reached a resistance area there is a short opportunity. First target is around 138.55. If it breaks through we can expect a further downside to at least 137.000
Comment:
Forgot to draw in the uptrend line. It retested this line, so another reason to short this pair

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