Signal_Centre1

GBPJPY Sell the downtrend.

Short
OANDA:GBPJPY   British Pound / Japanese Yen
GBPJPY - Intraday - We look to Sell at 157.95 (stop at 158.23)

Daily signals for sentiment are at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
A higher correction is expected.
Trend line resistance is located at 158.00.
We look for a temporary move higher.

Our profit targets will be 157.11 and 156.91

Resistance: 157.70 / 158.20 / 158.50
Support: 157.40 / 157.00 / 156.80
Order cancelled:
Not filled intraday.

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.