A moderate pullback may be possible in GBP/JPY

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Dear traders,in my previous GBP/JPY ideas, I advised buying at 180.85 level.
If you followed those ideas, you made over 400 pips. At present,
GBP/JPY rallied strongly during the NY session on Friday.
However, the price looks over-stretched from the EMA.

So, there is a possibility of a pullback to 183.60 level. If there is the
formation of a couple of bearish candlesticks in the 185 zone, traders
can consider selling with 183.60 as a target.

Feragatname

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