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GBPJPY Trading Signal - 01 / 09 / 2022 - 16:00 (GMT +3)


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

Legal Disclaimer: All trading signals provided are general recommendations. They have not been prepared in accordance with the requirements designed to promote the independence of investment research.
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