GBPJPY Sell a break setup,
Updated
GBPJPY - Intraday - We look to Sell a break of 156.59 (stop at 156.91)
We are trading at overbought extremes.
A break of yesterdays low would confirm bearish momentum.
A move through bespoke support at 156.60 and we look for extended losses.
A higher correction is expected.
Our profit targets will be 155.71 and 155.51
Resistance: 157.20 / 157.40 / 157.60
Support: 156.60 / 155.70 / 155.40
We are trading at overbought extremes.
A break of yesterdays low would confirm bearish momentum.
A move through bespoke support at 156.60 and we look for extended losses.
A higher correction is expected.
Our profit targets will be 155.71 and 155.51
Resistance: 157.20 / 157.40 / 157.60
Support: 156.60 / 155.70 / 155.40
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