ZakTheMak

GBPJPY Short Opportunity

Short
FX:GBPJPY   British Pound / Japanese Yen
Great short opportunity for GBPJPY.

GJ is showing signs of exhaustion and has failed to break the previous high.

They YEN is increasingly bullish against most pairs and GBP currently looks overbought against most pairs.

My prediction is that GBPJPY will fall to a first TP at 151.5
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.