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EliteTradingSignals

GBP/JPY BEARS WILL DOMINATE THE MARKET|SHORT

Short
Britisches Pfund / Japanischer Yen (FX:GBPJPY)  
EliteTradingSignals  
FX:GBPJPY   Britisches Pfund / Japanischer Yen
Trend Analysis Chart Patterns Wave Analysis GBPJPY short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis gbpjpy short sell trading bearish forex forecast tecnhicalanalysis containsimage
snapshot
Hello,Friends!

GBP/JPY is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 179.527.

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