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** GBPJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Hi there,
GBPJPY has broken down from the SUPPORT line of the CHANNEL. It did a retest before DROPPING further down. It is now at a small SUPPORT LEVEL. If GBPJPY breaks that minor level down then we shall go into SHORT WAY DOWN.
You can DO a SELL STOP if you want to.
Kind regards
21st daily bar is key reversal bar indicating weakness ahead. jpy oversold in daily time frame. if 22nd bar closed off the low will be additional confirmation for weakness. may use sell stop below 21st daily bar low and sell limit orders 157.60. Target 154.30
