GBP/JPY possible short

The pair is now breaking an hourly uptrend and is trading below the support level of 139.36 and going down towards 139.14 then 138.78 then 138.40

I entered short at 139.35 SL: 140.85

Note

EMA20 is crossing EMA50 and we're already below EMA200. RSI is bearish. A safer entry would be below 139.14 but those who get excited by a little risk, you may enter short now.

Note

Breaking Support line 139.14

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Those who entered with me @ 139.35 are now winning 25 pips. Hold it, guys!

Note

A new mini support level created @ 139.98

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We're doing very well, guys. The pair broke the above mentioned mini support of 138.98 and it's now trading between 138.98 and 138.78

Those who entered with me are now winning 50 pips.

Note

A change in direction might be in sight. Closing above 139.39 might take the pair up to test the downtrend line @ 139.70
MACD is crossing the signal line from below.

Take your profits and wait for further updates.

osamaa

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