GBPJPY Sell a break setup,
GBPJPY - Intraday - We look to Sell a break of 155.39 (stop at 155.67)
Short term bias has turned negative.
A break of the recent low at 155.40 should result in a further move lower.
20 1day EMA is at 155.40.
We are trading at overbought extremes.
A higher correction is expected.
Our profit targets will be 154.61 and 154.41
Resistance: 155.50 / 155.90 / 156.10
Support: 155.40 / 155.00 / 154.60
Short term bias has turned negative.
A break of the recent low at 155.40 should result in a further move lower.
20 1day EMA is at 155.40.
We are trading at overbought extremes.
A higher correction is expected.
Our profit targets will be 154.61 and 154.41
Resistance: 155.50 / 155.90 / 156.10
Support: 155.40 / 155.00 / 154.60
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