Forextuitions
Short

GBPJPY SHORT TRADE SETUP

FX:GBPJPY   British Pound / Japanese Yen
The 4-hour right side is turning down against 6/05/2020 peak (139.78) & shows a bearish sequence. 1 hour is also down against 136.34 high & shows a bearish sequence. Near-term, while bounces fail below 136.34 high and more importantly below 139.78 high expect pair to extend lower. We prefer selling intraday bounces in 3, 7 or 11 swings against 136.34 high in the first degree.

Sell GBPJPY
@133.75-134.06

Target: 132.80
Sl: 134.44

Good luck !
Trade closed: target reached

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