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GBP/JPY Signal- GBP CBI Industrial Trends Orders (July)- 25 July 2022

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Signal Details
Entry Price: 
164.725
Take Profit: 
161.107
Stop Loss: 
165.587
Direction: 
Sell
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GBP/JPY is trading to the downside today prior to the GBP CBI Industrial Trends Orders (July). Trading on the 4-Hour chart, price has presented a head and shoulders pattern with price failing to break the resistance zone, resulting in a down trend. We anticipate a bearish move down to level 161.107

Submitted by John F. on Mon, 25 Jul 2022 14:17:43 GMT

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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.

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