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British Pound / Japanese Yen
Short
Updated

GBPJPY: The downtrend line acts as a strong resistance

According to the chart, I notice that the price follows a downtrend line D1 for weeks. The last big red candlestick reinforces this trend and following the trend would be the best idea here. In this context I decided to place a short order at 151.05 with a stop loss at 152.65 and a target at 149.40.

Enjoy !
Trade active
Trade closed: target reached
Traderscope
Mes positions et signaux en temps réel: bit.ly/3QZFVur
Discord: discord.gg/kjNg36h836
Also on:
GBPJPYTrend Analysis
Traderscope
Mes positions et signaux en temps réel: bit.ly/3QZFVur
Discord: discord.gg/kjNg36h836
Also on:

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