Pika7993

Safe technical sell

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Pika7993 Uppdaterad   
FX:GBPJPY   Brittiska pund/Japanska yen
The trend reached the key resistance that has been offering rejection between bottom support shown on map. A break and continuation above this resistance would sentiment long continuation. This is a safe trade if it does breach the resistance and continues with the current close proximity.

My sentiment is a pivot to bottom support following chart pattern.

MACD is attempting to correct a cross down through signal while RSI is making a sharp move out of overbought zone.

Attached is my previous analysis with spot on price action. Please comment with thoughts and ideas. Thank you.
Trade stängt: Stopp nått:
SL hit
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