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malmdb
Jan 9, 2017 5:16 AM

NICE GBPJPY SHORT SETUP Short

British Pound/Japanese YenFXCM

Description

Price consolidation hasn't over, (Thus it didn't reach my previous expected area) the bias ought to go towards the upside but it resist strongly around 143.75. On daily chart suggest a bit more bearish to test EMA55 and middle BB before bounce up. Although fundamental analysis shown GBP to be weaker in the early quarter of the year.

Comment

Stoploss moved to breakeven. I'm expecting the price to retest the level before another dip

Trade closed manually

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