Petaryot
Short

GBPJPY - Shorting entry in NEXT 1 HOUR!

FX:GBPJPY   British Pound/Japanese Yen
0.5 fib level intersecting with previous support now resistance level.

This is just a relief rally that is bound to end as we are clearly in a bearish trend continuation (already called it in the idea I linked below). A possible entry for a short position to ride down would be 159.8 where a resistance level meets the 0.5 fib level.

TP1 would be down again to 158.4 in the short term, if it break I will post an update :)

Safe and successful trading!
ananAh
8 months ago
great
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Petaryot ananAh
8 months ago
Cheers
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DerekUweri71
8 months ago
Petaryot, good analysis! Did you take the trade? cos price didn't get to the 50% retracement.
Reply
Petaryot DerekUweri71
8 months ago
Hey thank you! I did not enter, since it did not meet my exact expectations. :) hope you did
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