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ramabhitej

GBPJPY Updated sell off area

Short
British Pound / Japanese Yen (FX:GBPJPY)  
ramabhitej Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Beyond Technical Analysis GBPJPY gbpjpyshort
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trendanalysis beyondta gbpjpy gbpjpyshort
Market took a 100 pip rally today through Asian and London sessions. However, we could see that price have reached its maximum threshold. If you refer to CoT data, Almost 10K non commercial shorts were been added.

It doesn't make any sense for the price to move up without reverting back to the MEAN AREA.

GBPJPY
Trade active
Trade closed: target reached
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