GBPJPY Sell the downtrend.
GBPJPY - Intraday - We look to Sell at 157.95 (stop at 158.23)
Daily signals for sentiment are at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
A higher correction is expected.
Trend line resistance is located at 158.00.
We look for a temporary move higher.
Our profit targets will be 157.11 and 156.91
Resistance: 157.70 / 158.20 / 158.50
Support: 157.40 / 157.00 / 156.80
Daily signals for sentiment are at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
A higher correction is expected.
Trend line resistance is located at 158.00.
We look for a temporary move higher.
Our profit targets will be 157.11 and 156.91
Resistance: 157.70 / 158.20 / 158.50
Support: 157.40 / 157.00 / 156.80
Order cancelled
Not filled intraday.
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