GBPJPY: Key Level to Watch for Shorts

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Paun British / Yen Jepun (FX:GBPJPY)

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FX:GBPJPY Paun British / Yen Jepun

trendanalysis supportandresistance gbpjpy medianline

Price is about to reach a key resistane level where we have the upper quartile of the downsloping median line, previous structure and the 0.886 fib retracement of previous downmove. In addition RSI looks overbought.

Watch for a sell setup completion in case price tests the upper quartile

Komen:

As soon as price entered our resistance zone it dropped instantly. In case u didn't join the selloff just watch for a correction and sell GBPJPY

Penafian

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