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rhuey46

GBPJPY SHORT - MA Resistance

Short
British Pound / Japanese Yen (FX:GBPJPY)  
rhuey46 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Support and Resistance Fibonacci Moving Averages
3
0
supportandresistance fibonacci movingaverage
GBPJPY

Resistance
  • 55 & 500 Day MA @ 137.68 - 137.83
  • 55 Week MA : 137.44
  • 50% Fib @ 137.88
  • Horizontal S/R line Resistance @ 137.77 - Retest

Daily Stochastic is oversold

Short at around: 137.75

Stop @ 138.31 100 Week MA
Comment:
Should have the stop above the 500 Day MA (in retrospect).
Trade closed manually:
135.5600
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