GBPJPY - Intraday - We look to Sell at 157.37 (stop at 157.71)
The bearish engulfing candle on the daily chart is negative for sentiment.
Daily signals for sentiment are at overbought extremes.
We look for a temporary move higher.
A higher correction is expected.
Our profit targets will be 156.44 and 156.24
Resistance: 157,10 / 157.40 / 157.60
Support: 156.80 / 156.40 / 156.00
The bearish engulfing candle on the daily chart is negative for sentiment.
Daily signals for sentiment are at overbought extremes.
We look for a temporary move higher.
A higher correction is expected.
Our profit targets will be 156.44 and 156.24
Resistance: 157,10 / 157.40 / 157.60
Support: 156.80 / 156.40 / 156.00
