A 2618 trade could be likely on the GBPJPY

Short

British Pound / Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound / Japanese Yen

Considering the current rally on the GBPJPY, and the double top formation. Could this be a potential 2618 trade setup. If we break 187.83 and close below this could signal a trigger of the 2618 trade on a rally of the GBPJPY with us looking to take a short on the 0.618 fib retrace if it does occur. Targets would be close to near term structure.

Good Trading Guys

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.