GBPJPY - Intraday - We look to Sell at 157.95 (stop at 158.23)
Daily signals for sentiment are at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
A higher correction is expected.
Trend line resistance is located at 158.00.
We look for a temporary move higher.
Our profit targets will be 157.11 and 156.91
Resistance: 157.70 / 158.20 / 158.50
Support: 157.40 / 157.00 / 156.80
Daily signals for sentiment are at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
A higher correction is expected.
Trend line resistance is located at 158.00.
We look for a temporary move higher.
Our profit targets will be 157.11 and 156.91
Resistance: 157.70 / 158.20 / 158.50
Support: 157.40 / 157.00 / 156.80
Order cancelled
Not filled intraday.
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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.