michael6malone
Short

I am shorting the pair to 133.10 with a stop at 135.43.

FX:GBPJPY   British Pound/Japanese Yen
91 0 3
2016Sep15 I am shorting the pair to 133.10 with a stop at 135.43. The target falls on the 61.80% fib level on the retracement.

It looks as though the pair may finally break the support it has been hammering at since Sep 8th.

Assuming the support begins at 135.09 the last 4 candles on the hourly chart have closed below or at the support line. This make it look very much like resistance.

The price has been trending lower.

The RSI is not in an oversold position.
Comment: Target reached.
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