Potential SHORT Trading Plan For GBPJPY

Hi there, what an interesting week for GBPJPY. Bullish momentum apparently has lost its steam and now bear is about to win the war.

As the price breaks the previous support, the bearish trend prevails. Trading Plan as follows:

i) SHORT at the price of 135.383 with take profit 1 at 132.997 and take profit 2 at 130.787

ii) LONG if the price reaches 137.519 with the take profit point at 139.495

Author:

S.I.D. Aizu
Chart PatternsForexforexsignalsGBPJPYTrend Analysis

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