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GBPJPY on the brink! 175.49 February low in its sights!!

Short
British Pound / Japanese Yen (FX_IDC:GBPJPY)  
Legionnaire  
FX_IDC:GBPJPY   British Pound / Japanese Yen
GBPJPY gbpjpyshort yen pound fx Forex
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gbpjpy gbpjpyshort yen pound fx forex
GBPJPY got rejected at its 61.8% Fib of the 189.71-17549 decline and is looking primed to extend its declines towards the 170.82/168.02 target zone. All that stands in the way of the bears is the 175.49 February low. A confident break of this level will increase the probabilities towards it target zone. Intraday 176.79 is resistance. Bears have the upper hand as long as 179.30 is not taking out.

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