GBPJPY - Intraday - We look to Sell a break of 161.09 (stop at 161.49)
Short term momentum is bearish.
161.11 has been pivotal.
A break of the recent low at 161.16 should result in a further move lower.
We look for losses to be extended today.
Our profit targets will be 160.11 and 159.91
Resistance: 161.70 / 162.00 / 162.40
Support: 161.10 / 160.30 / 160.00
Short term momentum is bearish.
161.11 has been pivotal.
A break of the recent low at 161.16 should result in a further move lower.
We look for losses to be extended today.
Our profit targets will be 160.11 and 159.91
Resistance: 161.70 / 162.00 / 162.40
Support: 161.10 / 160.30 / 160.00
