GBPJPY Bearish Outlook

Good day traders,

GBPJPY rejected to close above 200 MA and this is coherent with a bearish reversal in stock indices. I favour a downside move till 180 area, with SL above 186 on a daily close.

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6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles