GBPJPY - Intraday - We look to Sell a break of 161.09 (stop at 161.51)
We are trading at overbought extremes.
A higher correction is expected.
A clear break of 161.20 and we would look for further losses to 160.00.
20 4hour EMA is at 161.22.
Our profit targets will be 160.05 and 159.85
Resistance: 162.00 / 162.80 / 164.00
Support: 161.20 / 160.80 / 160.00
We are trading at overbought extremes.
A higher correction is expected.
A clear break of 161.20 and we would look for further losses to 160.00.
20 4hour EMA is at 161.22.
Our profit targets will be 160.05 and 159.85
Resistance: 162.00 / 162.80 / 164.00
Support: 161.20 / 160.80 / 160.00
