IroncladInvestments
Short

GBPJPY short term sell idea

FX:GBPJPY   British Pound / Japanese Yen
We still are holding our bullish bias on this pair but we are approaching a key area, we will be looking to see how whether the daily candle can close above the 151.000 handle which could encourage a bullish rally to year highs. However, price is approaching key fib levels of previous swing and stochastic is signalling overbought so we are expecting a retracement to channel structure.
Trade closed: target reached

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