GBP/JPY: trend correction, resistance levels- possible short

GBP/JPY trend is short, price reached resistance levels 178-178.30. On this levels we switch on smaller timeframe and wait the signal for new negative momentum.

The pair moves in the channel. Good positions for sell around the top shoulder, ot at resistance levels. 35 pips stop loss.

Indicators are showing negative movement, resistance levels, we only need a signal on smaller timeframe like lower bar or CCI goes below 0 or -100.

 Varchev Traders

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