GBPJPY Sell a break setup,
Updated
GBPJPY - Intraday - We look to Sell a break of 151.89 (stop at 152.18)
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
Daily signals are mildly bearish.
A higher correction is expected.
50 4hour EMA is at 151.15.
Previous support located at 151.10.
Our profit targets will be 151.11 and 150.91
Resistance: 152.65 / 152.85 / 153.00
Support: 151.90 / 151.50 / 151.10
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
Daily signals are mildly bearish.
A higher correction is expected.
50 4hour EMA is at 151.15.
Previous support located at 151.10.
Our profit targets will be 151.11 and 150.91
Resistance: 152.65 / 152.85 / 153.00
Support: 151.90 / 151.50 / 151.10
Trade closed: target reached
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