GBPJPY (1D): Strong Selling Area

GBPJPY
Timeframe: 1D
Direction: Short

Confluences for Trade:
- Stochastic Overbought momentum (1D, H4, H1)
- Strong Selling area (since June 18, price has been sold down from this area)
- Fundamentally, yet to see actual progress in Brexit negotiations; so far all we are hearing are reports are saying this and that. Add on, a risk off play may be likely if the Democrats take over the House of Representatives.

Suggested Trade:
Entry @ Area of Interest: 148.20 - 149.20
SL: 149.76
TP: 146.18
RR: Approx. 2.09 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

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Good catch :D