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ESFX4
Jul 23, 2017 8:10 PM

GBPJPY POSSIBLE SHORT Short

British Pound/Japanese YenFXCM

Description

Gbp/jpy recently rejected 148.000 level putting in a lower high suggesting possible further downside movement after breaking through key 145.000 support level. Will enter trade (short) if price continues to fall or see a downwards bounce (4 hr, confirmation candle showing supports turned resistance) after a slight retracement at shown level. Volume rising at selling pressure and recent MA crossover on daily time frame also good sign. Potential target around 141.500.
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