Today i am looking to sell the pound due to having a bearish stance on the pound. Brexit is on going and is my reason to sell. No economic event due today.

GBPJPY H4

Price for the week has been bearish overall. Price opened at Wm3 with target being the WM1 pivot. Currently price is at WPP which also coincides with the 21 as resistance. Looking for a bounce off the resistance and a continuation to the downside.

GBPJPY

Price is currently at resistance which is DPP. Also the 21 is acting as resistance so looking for confirmation of entry should it bounce off resistance and carry on to the downside.

One thought on “GBPJPY SELL”

  1. Tsholanang Tsholanang says:

    Nice one!

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