GBPJPY-SELL strategy

257
The run up on the pair was sharp, and we are once again at lofty heights.

The stochastic shows that we are going to turn lower in coming sessions and for that reason I feel we can have a strategic short on the pair. The current level for SELL is 167.30-167.50 and we should add higher above 168.47 only.

Profit order best above the cloud @ 163.00-163.25.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.