GBPJPY Sell a break setup,
GBPJPY - Intraday - We look to Sell a break of 155.39 (stop at 155.67)
Short term bias has turned negative.
A break of the recent low at 155.40 should result in a further move lower.
20 1day EMA is at 155.40.
We are trading at overbought extremes.
A higher correction is expected.
Our profit targets will be 154.61 and 154.41
Resistance: 155.50 / 155.90 / 156.10
Support: 155.40 / 155.00 / 154.60
Short term bias has turned negative.
A break of the recent low at 155.40 should result in a further move lower.
20 1day EMA is at 155.40.
We are trading at overbought extremes.
A higher correction is expected.
Our profit targets will be 154.61 and 154.41
Resistance: 155.50 / 155.90 / 156.10
Support: 155.40 / 155.00 / 154.60
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.