Instrument: GBP/JPY
After a long rally in the Pound Yen pair last week, there seems to be a technical correction. Reversal pattern was seen at the top with momentum and moving average confirming a possible downtrend.
Take profit 1 : 146.62
Take profit 2 : 145.16
Stop loss : 148.12
The Weekly Chart also confirms the down trend in the pair and is expected to continue.
Aditya Agrawal
Target Achieved 145.16 on 02/08/2018