Instrument: GBPJPY
Previous Close 161.51
Change -0.13 %
Current 161.01
Support & Resistances
160.80 161.70
160.43 162.50
159.62 162.80
Trend & Condition
Downwards
Strong
Comments
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 160.80 support level. Only the upward break of 161.70 would cancel the bearish scenario.
Position & Trade Probability
Position : SELL
Entry : 160.80
SL : 161.70
Trade P. : Medium
TP1 : 160.43
TP2 : 159.62
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Tags
signal forex