GBPJPY - Intraday - We look to Sell a break of 151.89 (stop at 152.18)
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
Daily signals are mildly bearish.
A higher correction is expected.
50 4hour EMA is at 151.15.
Previous support located at 151.10.
Our profit targets will be 151.11 and 150.91
Resistance: 152.65 / 152.85 / 153.00
Support: 151.90 / 151.50 / 151.10
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
Daily signals are mildly bearish.
A higher correction is expected.
50 4hour EMA is at 151.15.
Previous support located at 151.10.
Our profit targets will be 151.11 and 150.91
Resistance: 152.65 / 152.85 / 153.00
Support: 151.90 / 151.50 / 151.10
Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.