ramabhitej
Short

GBPJPY shorter term sell opportunity

FX:GBPJPY   British Pound / Japanese Yen
As per previous CoT report, Non commercials adding aggressive short positions. This could be potential selling from institutional order flow reports.

From technical point of view, we could see that buyers are struggling to make highs.

I'll be waiting for buyers to burn out before going shorts.

You can Fibs or MA's for additional layer of confirmation

FX:GBPJPY
Order cancelled: I haven't took the trade as the bullish pressure is aggressive. I'll be waiting for next key level to take decision.

Comments

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