fuse-forex
Short

Pressure is mounting on the GBPJPY.

FX:GBPJPY   British Pound / Japanese Yen
28 0 8
We believe position trades long term short on this pair will fare well however short term swing traders may want to look at this for moves down to 158.10 and the topside cap at 160.10 for the bias. The average daily range low for today will come in at about 157.85 and pressure is likely to keep up if we remain below the DPV at 159.16. Look to scale into this trade for the best risk to reward outcome.
Comment: Risk Disclaimer: The content published by this account is for demonstration purposes only and should never be considered financial advice.
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