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KristiTeli

GBPJPY going for short?

Short
British Pound / Japanese Yen (FX:GBPJPY)  
KristiTeli Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis
3
0
trendanalysis
On 1D and 4H its a short signal as it has reached the 61.8% retracement, Stoch has bounced on resistance and its on 50EMA on 1D.
Trendline is broken.
But on 1H EMA is still supporting the price so we have to wait for it to break the EMA. The action has already started on 15M and 5M so it may be noticeable soon.
Wait for confirmation or sell now with small lot.
Trade safe!
Comment:
It didnt break the EMA. Not triggered.
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