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GBPJPY - Limited upside expected.

Short
Livre sterling / Yen japonais (FX:GBPJPY)  
Signal_Centre  
FX:GBPJPY   Livre sterling / Yen japonais
Trend Analysis Chart Patterns Technical Indicators sterling yen GBP jpy GBPJPY daytrade fxsignal trading
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trendanalysis chartpattern indicator sterling yen gbp jpy gbpjpy daytrade fxsignal trading
GBPJPY is Bearish - We look to Sell at 130.55

▪️ We have a 61.8% Fibonacci pullback level of 130.60 from 131.41 to 129.30.
▪️ The medium term bias remains bearish.
▪️ Bespoke resistance is located at 130.55.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 130.55, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.

Stop: 130.85
Target1: 129.30
Target2: 129.00
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