GBPJPY Sell a break setup,
GBPJPY - Intraday - We look to Sell a break of 152.79 (stop at 153.11)
Broken out of the channel formation to the downside.
There is no indication that the selloff is coming to an end.
A break of yesterdays low would confirm bearish momentum.
We look for losses to be extended today.
Our profit targets will be 151.87 and 151.67
Resistance: 53.40 / 153.80 / 154.00
Support: 153.00 / 152.80 / 152.50
Broken out of the channel formation to the downside.
There is no indication that the selloff is coming to an end.
A break of yesterdays low would confirm bearish momentum.
We look for losses to be extended today.
Our profit targets will be 151.87 and 151.67
Resistance: 53.40 / 153.80 / 154.00
Support: 153.00 / 152.80 / 152.50
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