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GBP/JPY Signal - GBP Markit Services PMI - 23 Nov 2021

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Signal Details
Entry Price: 
153.86
Take Profit: 
152.60
Stop Loss: 
152.600
Direction: 
Sell
How we trade
Average: 5 (3 votes)

GBPJPY is holding below the resistance trendline today prior to the GBP Markit Services PMI data today, which is an indicator of the economic situation in the UK services sector. Technically the pair is in a bearish structure, is holding below the trendline resistance, and is at 500 hour moving average resistance.

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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.