GBPJPY > Looking for Conservative Sell Trade and Here Is Why!

Updated
Analysis of #GBPJPY


The GBPJPY is near its structure resistance level where the market corrected aggressively to the downside and dropped more than 7.6% or 1286 pips.

the circumstances now are quite different as the YEN keeps on weakening across the board and the trend here remains to the upside so far.

I will be conservative here and look for a reversal pattern on the lower time frame before entering a sell trade if the rules are met.

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Thanks for your continued support!
Trade closed: target reached
300 PIPS
cypher-harmonicGBPJPYharmonicforexsignalserviceSupply and DemandSupport and ResistanceTrend Lines

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