Get started
MarcellusLUX

GBP/JPY runs into resistance in the 4Hour chart

Short
British Pound / Japanese Yen (FX:GBPJPY)  
MarcellusLUX Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyprediction
40
10
trendanalysis chartpattern beyondta gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyprediction
Dear traders, as mentioned in yesterday's idea, GBP/JPY has run into resistance
in the 4H chart. Price has backed off after hitting the 4H resistance level.

So, if this continues, GJ can fall further to the 183.50 level. My plan is to short
the rallies in GBP/JPY as long as the resistance holds with target at 183.50

Comment:
Price has pulled back, if it reaches close to the resistance, I would sell again
Trade active:
Sold at 185.80 as per plan
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.