Short GBPJPY

GBP/JPY OANDA:GBPJPY
KamalMaliki



The weekly charts shows a downward trend, we are looking for bearish entry points.

Bearish Fractal signal.

Bearish EMA 50 Cross.

We have a strong bearish engulfing candle and a confirmation candle.

This is the second the resistance line was hit, I believe that the price may drop back to support and might breaktrough.

Not a great risk/reward ratio therefore not recommended trade.

more info

READ  GBPAUD SHORT - ANALYSIS