FX:GBPJPY   British Pound / Japanese Yen
GBPJPY             is in a bearish trend so we're looking for opportunities to sell. A good opportunity would be at the 159.20-40 area since price broke a trendline and we would like to see a bounce from 0.618 fib up to retest the broken trendline before heading downwards again.
Trade closed: target reached: I took the trade and profited about 200pips on this trade.

Related Ideas

agree with you. pull back 159,20 on the way
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