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Wednesday, June 21, 2017

GBP/JPY: OVERBOUGHT....

GBP/JPY has reached its overbought moment and it is a good chance to take the opportunity to open short position for short period of time.

GBP/JPY would most probably try to enter the yellow area for the next 6 hours and 140.622 will be a strong support level that will try to hold the currency pair to go down further.




It is recommended to take profit above 140.622 for today. 

141.580 will be the key level for price movement for the next 6 hours. Shall GBP/JPY move above the level then it would be quite difficult for the pair to go down to reach 140.622.


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