Δευτέρα 19 Οκτωβρίου 2015

Technical Analysis GBP/JPY

GBP/JPY is at the strong resistance level, also forming a potential double top reversal pattern at the right edge of the chart. If a double top starts getting completed, I recommend Shorting early, at the downtick of a price around its EMA 12, with a possible confirmation of a downtick of MACD.
For a high probability trade I suggest taking profits (in case a trade works) a little above the second support, at around 183.70.

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