Forex_Society

GBPJPY Monthly Analisys

Short
Forex_Society Updated   
FX:GBPJPY   British Pound / Japanese Yen
Price has reached the top of that monthly TL that lines up with the monthly PRZ and if we zoom in we can see how price has rejected that area leaving multipel daily wicks below that 141.50 area so right now in order to go short i must see a break and close below the 4h 61% level (ill post the 4h chart in the comments) very simple but could give us a 800 pip trade holdin it for 3 weeks or 1 month

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Comment:
Wait for a close below that 61% level bbefore t rying to go short

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