Strong Resistance in GBPJPY Forex Pair

in forex •  7 years ago 

GBPJPY has strong resistance at 147.20/30 this week. Try shorts with stops above 147.60.

https://www.tradingview.com/chart/GBPJPY/D632DKy0-Strong-Resistance/

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7 years ago by

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      ·  7 years ago 

    Nice find. I had my level a bit lower, but in the same ballpark. I am waiting for it to break the trend line before getting short.

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        ·  7 years ago 

      Yeah it is shaping up to be a potentially nice trade. It is riding the 50 period moving average on a 60 minute chart pretty closely. Could see a nice pop lower if it breaks through there.

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