trendtrader

GBPJPY short position in near term

Short
FX:GBPJPY   Livre sterling / Yen japonais
As can be seen in the chart, GBPJPY is not being able to sustain an upward move, and as soon as it rises, short sellers are rushing in to push the prices down. It is currently testing the current support level of 132.770 for the 4th time, so I expect it to break this support level for a move down to 132.590.
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