ClearTradingMind

GBP/JPY: Bearish Storm Brewing

Short
FX:GBPJPY   British Pound / Japanese Yen
GBP/JPY is looking bearish ahead as the trend seems to have exhausted its bullish momentum. I believe the downtrend will start from the double top area around the 197.00 level. I have set my stop loss above this double top level and my target is twice the size of the stop loss. Let's see what happens in the market. Good luck

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