GBPJPY Sell the overbought extreme.
Updated
GBPJPY - Intraday - We look to Sell a break of 156.57 (stop at 156.88)
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
A break of yesterdays low would confirm bearish momentum.
The previous swing low is located at 156.82.
20 4hour EMA is at 156.56.
Our profit targets will be 155.61 and 155.41
Resistance: 156.80 / 157.00 / 157.40
Support: 156.60 / 156.00 / 155.60
Daily signals for sentiment are at overbought extremes.
A higher correction is expected.
A break of yesterdays low would confirm bearish momentum.
The previous swing low is located at 156.82.
20 4hour EMA is at 156.56.
Our profit targets will be 155.61 and 155.41
Resistance: 156.80 / 157.00 / 157.40
Support: 156.60 / 156.00 / 155.60
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