EliteTradingSignals

GBP/JPY BEARISH BIAS RIGHT NOW| SHORT

Short
FX:GBPJPY   Sterlina / Yen giapponese
Hello,Friends!

We are going short on the GBP/JPY with the target of 197.279 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.

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Commento:
I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!

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