YGForex

GBPJPY Potential Short Opportunity...

Corto
FX:GBPJPY   Libra esterlina/Yen japonés
We managed to see a rather significant breakout of the support level @153.80. Currently, price is near our MA and EMA which may give us a potential rejection which might retest the broken support level. If we managed to see this movement occurring, we can eye for a short opportunity to the next support level. If so, I believe there will be some consolidation between the next support level and this broken support level (now a strong resistance level).

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