Stink
Long

GBPJPY Retrace before continuation Down

FX:GBPJPY   British Pound / Japanese Yen
So we can back down to the Daily Support and have bounced.

Last time we did this the pair had a 618 retracement back up before the recent drop

Im looking at a possible 618 retracement again before a further Test of the daily support

I don't like that it hasn't fully tested support yet. Might be a watch and wait to see if it comes back down.
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Stink nUmbaz0ne
True we could see a further drop and then go lower before we even retrace. All I can do is look at whats happened and make a judgement on what I think will happen based on previous price action.
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