GBPJPY: Looks ready for a selloff
Going short GBPJPY :
Targets and stop outlined on chart
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My Best Regards
Technician
- Shooting star on the daily chart
- 200-DAYS SMA acting as a resistance
- Long-legged doji at the 200-days average
- 61.8 retracement level
- 1.27 extension level for AB wave
- Multiple bearish divergence on RSI
- Minor double top formation
Targets and stop outlined on chart
The countdown has started.. Check out The Forex Channel all-new coming soon page with a countdown timer to launch date, visit and subscribe at thefxchannel.com
My Best Regards
Technician
Trade closed: stop reached
Stopped out, yet it was a good trade.
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