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JoeChampion

GBPJPY Potential Downsides

Short
British Pound / Japanese Yen (FX:GBPJPY)  
JoeChampion  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Beyond Technical Analysis Technical Indicators GBPJPY GBP jpy SELL short Bearish Patterns Technical Analysis Contains image
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trendanalysis beyondta indicator gbpjpy gbp jpy sell short bearish technicalanalysis containsimage
Hey Traders, in the coming week we are monitoring GBPJPY for a selling opportunity around 164 zone, one of the reasons i want to consider GBPJPY shorts is that JPY is considered as a safe haven in time of uncertainty. Technically we have noticed that extending pullbacks are approaching the major trend so i will be watching the price action around 164 supply and demand zone.
Trade safe, Joe.
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