GBPJPY Short 1HOUR... Elliott Wave, RSI, Resistance

Short

British Pound / Japanese Yen (FX:GBPJPY)

Updated

FX:GBPJPY British Pound / Japanese Yen

gbp gbpjpysell gbpyjpy jpy

This pair may keep going up until it hits the major resistance as it has on numerous occasions as you can see by scrolling to the left. I feel as if it will break down before it hits the resistance level but we will just have to watch. Good luck.

Comment:

I am making my SL to the resistance line

Comment:

Please also note, I will be holding only for a few hours, not swing trading this.

Trade closed manually:

Had 100,000 Units also known as a 1.0 Lot. Some good profit and pips for a short term trade, still has room to run but better safe then sorry. Good night, God bless. James 1:17.

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