GBPJPY: BEARISH POSITIONS BELLOW 165.736

GBPJPY

Hello folks!!!,
This is my analysis brought to you after deeply analyzing the GBP/JPY Forex Pair from a technical, trend and fundamental perspective:

*Pivot Point : 165.736

*Stop Loss : 166.049

Take profit : 157.232

Entry Price : 163.572

Risk/Reward Ratio : 1 : 2.25

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Trade closed manually:

A partial close was made for this trade at 160.031 equal to the 70% path of the final setup target and the rest remaining lot size was left running to the original final target and the stop loss was moved to break-even.

At the end, profits were made from the partial close equivalent to +390 pips.