Trading Instrument: GBPJPY
Previous Close 161.11
Change 0.14 %
Current 161.09
Trend & Condition
Downwards
Strong
Support & Resistances
160.25 161.40
159.70 162.30
158.60 163.60
Comments
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 160.25 support level. Only the upward break of 161.40 would cancel the bearish scenario.
Position Entry
Position / Entry / SL
SELL / .160.25. /161.40
Trade / P. TP1 - TP2
Medium/ 159.70 - 158.60
Tags
signal forex