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Chris4XTrading

GBPJPY (long-term) | More reasons to short than to long

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British Pound / Japanese Yen (FX:GBPJPY)  
Chris4XTrading Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis GBPJPY long-term short Fibonacci Retracement 4x asian pound yen
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trendanalysis gbpjpy long-term short fibonacciretracement 4x asian pound yen
The currency pair is currently ranging in a trend, however the bearish trend seems to be becoming more powerful. Long-term and short-term Fibonacci lines confirm the possible movement of 9000-11000 pips downwards to the 135.00 region, whilst profits can be taken at intersecting Fib lines. Alternatively, the currency pair could continue to range, reach the 100% intra-day Fibonacci level @ the 158.00 region AND THEN sell downwards.
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