Pending sell GBPJPY
Selling 141.20
Stop 141.63
Target 133.59
Same trade as based on yesterday's analysis. The move yesterday ran a bit more than anticipated and spiked out the highs. From there its began to drop again.
Looking to sell the 61.8 - 76$ retrace levels. This will also complete a butterfly pattern - which I've marked in adjacent to the pattern for clarity - giving a confluence of factors signalling sells in this area.
See linked ideas for more details.
Selling 141.20
Stop 141.63
Target 133.59
Same trade as based on yesterday's analysis. The move yesterday ran a bit more than anticipated and spiked out the highs. From there its began to drop again.
Looking to sell the 61.8 - 76$ retrace levels. This will also complete a butterfly pattern - which I've marked in adjacent to the pattern for clarity - giving a confluence of factors signalling sells in this area.
See linked ideas for more details.
