GBPJPY Short

BRITISH POUND / JAPANESE YEN FX_IDC:GBPJPY

Kindxess

If we look at the upper resistance line, it is from a very long period and it is a strong line, since the trend started everses downwards on the daily and on this weekly chart, it becomes clear that the reversal will take a slow downward movement due to the narrowness of the triangle and price swings, but in general the pair gives a drop signal in the medium term and far , don’t forget the stop loss.



more…

See also  GbpJpy Swing Trade Idea for OANDA:GBPJPY by FxAurax