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GBP/JPY Signal- CFTC JPY Speculative Net Positions- 18 March 2022

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Signal Details
Entry Price: 
156.808
Take Profit: 
150.983
Stop Loss: 
158.452
Direction: 
Sell
How we trade
Average: 3 (1 vote)

GBP/JPY is trading to the downside today prior to a head and shoulder formation on the 4 hour chart. We anticipate a bearish move down to level 150.983

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.