Sterlina / Yen giapponese
Aggiornato

Watch out for a big fall in GBP/JPY

1032
Dear traders, GBP/JPY is on a strong uptrend for many weeks now.
However, the uptrend seems to have lost momentum in the last few days.
The current scenario can be compared to that of a melt-up.

However, if the bears step in now, expect a quick fall in GBP/JPY. Watch
out for a bearish price action to sell and expect price to fall to at least
172. Price is very over-extended from the EMA so, I do not recommend any
long entries at the current level
.

Nota
So far the resistance is holding
Nota
Sold at 183.60 and currently in 48 Pips profit

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