I try to make analysis for GBPJPY pair today.
I see this pair still in strong bearish movement . If this pair can break the 142.00 support level, I predict this pair will go down to the next support at 141.50 But if this pair go up and break 142.51 resistent level, I predict this pair will make some correction to the next resistent level at around 143.01
Sell signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Sell with stoploss at 142.35 and take profit at 141.50
my advice .. don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.