FollowMyTrades

Level to watch - GBP/JPY - Possible short

FX:GBPJPY   British Pound/Japanese Yen
Looking at a potential reversal point depending on the daily close. PA seems to be foriming a double top which may push price back down to previous support of 180.400. Look for dynamic resistance from the the 20 & 50 EMAs. If price breaks the 184.150 level we will look for a pullback entry.
Looks like this trade panned out as predicted. Moved down 165 pips before a move back up. As per my chart short term target was 150 pips.
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your level at 185.15 hold pretty well, we now have a bearish Daily Pin Bar. I have a target at 178
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