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GBP/JPY SHORT FROM RESISTANCE

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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!

Previous week’s green candle means that for us the GBP/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 170.523.

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