SpartaFX1

GBPJPY Analysis ( Short)

FX:GBPJPY   British Pound / Japanese Yen
The currency pair continues to lose ground against the US dollar , sliding deeper under the support at 143.00 and headed to the target at 142.00 A breach through this level could lead to a test of the next support at 141.200 and could be sign for further negative moves for the Cable. If the bears lose momentum, the bulls can take control and try to bring back the price to the levels from the beginning of the week towards the resistance zone at 142.600 and test of the next level at 143.300 Here a successful breach would confirm a positive momentum for GBPJPY
GBPJPY sell 143.200-143.400 SL 143.700 TP 142.200 TP2 142.166

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