Mihai_Iacob

GbpJpy- sell on confirmation

Short
FX:GBPJPY   British Pound / Japanese Yen
As I said yesterday, the rise from 124 to 134 of GbpJpy is clearly of corrective nature.
The pair broke for a short time 134 resistance and reversed which can give us the idea of a false break.
A daily close under 133 would confirm that the correction is over and the down-trend could resume.
The first target could be 1.30 zone and with a SL above 134 we can have a good R:R ratio of more than 1:2

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