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Mihai_Iacob

GbpJpy outlook

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Mihai_Iacob  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyforecast gbpjpyprediction gbpjpy_outlook gbpjpysell gbpjpyidea
3
0
trendanalysis chartpattern indicator gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyforecast gbpjpyprediction gbpjpy_outlook gbpjpysell gbpjpyidea
After dropping almost 1000 pips started at the beginning of September, GbpJpy found a bottom at 133 and now is in a correction.
In my opinion, a new leg down will follow soon and I'm looking to sell this pair around 50% Fibo retracement.
The first target for bears can be 135.50 zone
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