Signal_Centre

GBPJPY - Limited upside expected.

Short
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY is Bearish - We look to Sell at 130.55

▪️ We have a 61.8% Fibonacci pullback level of 130.60 from 131.41 to 129.30.
▪️ The medium term bias remains bearish .
▪️ Bespoke resistance is located at 130.55.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 130.55, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.

Stop: 130.85
Target1: 129.30
Target2: 129.00
FREE Telegram Group - https://t.me/SCFree
Premium Membership - https://bit.ly/2W7OAxp

Comments

Morning Dips007.
The overall trend is just too negative here. Personally I cannot see any sort of sustained strength. Keep selling rallies I think.

Things can change of course!
Reply
I agree. I just commented on somebody else's chart suggesting 136 turning point made me laugh out LOUD!
ie. (If you agree) borderline turning whole market bullish LOL!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out