GBP-JPY COUNTER TREND SELL OPPORTUNITY

GBP-JPY HAS BEEN ON STRONG BULLISH MOVE SINCE LAST 3 DAYS. PAIR MAY FORM BEARISH BAT FORMATION AT THE TOP OF TODAY'S TRADING RANGE. 137 OF PSYCHOLOGICAL MARK ALSO ALIGNS AT SAME LEVEL WHERE BEARISH BAT FORMATION MAY COMPLETE.

SELL ENTRY: 136.98
STOP LOSS: 137.19
TARGET-1: 136.72
TARGET-2: 136.55

THIS IS COUNTER TREND OPPORTUNITY WHICH MAY GET TARGETS AS PER THE FIGURES MENTIONED ABOVE, AGGRESSIVE TRADERS MAY SHOOT FOR EXTENDED TARGETS TO THE DOWN SIDE ACCORDING TO THEIR TRADING PLAN WITH THE SAME BEARISH BAT PATTERN SELL ENTRY.
BatSupport and Resistance

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