#GBPJPY: Short Opportunity Off Key Level Into The Mean! #Forex

FX:GBPJPY   British Pound / Japanese Yen
510 3 17

Good opportunity to go short off of bearish momentum here. A nice weak pull back from the bulls into the nice Fibonacci retracement where the bears forced their way into the markets. I like that the short term wave target equals the long term wave target. Makes for a reliable trade with a reliable, integral             target.

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I worked out same sell zones and have various entries around 163 level. Waiting for the lower horizontal level to be broken to see some action.
Looks reasonable, lets wait and see how it pans out.
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