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GBP/JPY BEST PLACE TO SELL FROM|SHORT

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Brittiska pund/Japanska yen (FX:GBPJPY)  
EliteTradingSignals  
FX:GBPJPY   Brittiska pund/Japanska yen
Trend Analysis Chart Patterns Wave Analysis GBPJPY short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis gbpjpy short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

GBP/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 167.682 area.

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