AdamHong

GBPJPY:Pay Attention to the 0.618RET

Short
AdamHong Updated   
FX:GBPJPY   British Pound / Japanese Yen
The market has moved to the 0.618RET of previous drop and it may face the strong resistance.
So it may be good to sell at 146.6 levels when price action gives signals in the PRZ.
SL:above 148
TP1:141.2
TP2:136.0 and further more
More profits wil be taken if the market breaks out the 143.0 level at first.
Comment:
The 1.618EXT of previous rally also locates at 147.5.
Trade active
Comment:
The upward channel has been broken out.
Comment:
Comment:
1100 pips were taken totally.

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