FX:GBPJPY   British Pound/Japanese Yen
129 8 2
NEW PAIR TO THE WATCH-LIST:
- Break retest of TL await PA for a short.
- D1 ext in confluence with Channel Bottom
Targets:
1) 0% Fib
2) -27 ext
3) -61

£ not looking too strong so of now. this looks like a decent set up for Monday.
The break and test to short is important. Otherwise price could bounce (fake out) and form a symmetrical triangle. Which is a continuation pattern to the upside. Great analysis though *highfive
R
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Jimi95 Pip_Alchemist
For sure. treading lightly with this pair.
As soon as the i get the confirmation. i'll be in!
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KevinSinghDhaliwal KevinSinghDhaliwal
what do you think?
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Jimi95 KevinSinghDhaliwal
So, wheres your target?
Reply
181.20-181.30?
Reply
Jimi95 KevinSinghDhaliwal
Maybe, i have a bearish bias. awaiting a break of the TL.
Reply
lets see where it goes
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