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traderh
Mar 24, 2023 8:26 AM

GBPJPY, 23-03-24, London Session 

British Pound/Japanese YenFXCM

Description

Bears has suppressed any effort of the bulls to push price back up. That retracement to a shallow 38.2% yesterday was an indication of how strong the bears are.

I tried to position ahead but lost toward the 4pm (GMT+8) close.

I'm currently holding a single short position that I entered at breakout. Price will most likely hit extreme support at 159 to 158. Would bulls be there to keep it from free-falling?
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