GBP/JPY:BEARISH FIBONACCI PATTERN CONTINUATION | SHORT |

After our previous entry with a Bearish Harmonic pattern, the price has reached our first take profit on 38.2 Fibo level than the price drop to 163.000 and started a retracement wich now is around 165.250 area where we think will drop again with a formation of a new swing low that will reach definitely our second target around the 61.8 take profit of the advanced Fibonacci pattern. The level of 160.500 remains our last target price.

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