Forex_League

GBPJPY Analysis Sept 12, 2021

Short
FX:GBPJPY   British Pound / Japanese Yen
On this pair we are simply going to continue with last weeks analysis. We saw a clean transition on the H4 timeframe where price broke and retested the support level shooting to the downside. This week we will look for a continuation of this downward move. I am expecting price to make a new low here around the 150.400 area. At this point I will enter on a retest of the 151.00 level before getting in short again.
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