GBPJPY Exhaustion

Here on the GBPJPY, we can see that price is heading towards a strong resistant area, after which we expect a bearish reversal to the downside at least to the previous demand zone.

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Handel aktiv:

GJ Obeying analysis. 100pips running. Keep holding

Handel aktiv:

First Target reached. 220 pips running. Set Stop Loss above last correction

Trade stängt: målet nått:

Third Target was actually hit as shared, with a sharp reversal to the upside.

Feel free to check out next setup on GBPJPY: