KarYong

GBPJPY: Intraday Setup

Short
FX:GBPJPY   British Pound / Japanese Yen
We have two key levels to watch on this pair. First is the 61.8 retracement around the 195.00 even level. The other is a potential Bat pattern completion at 195.60. A conservative stops can go above the 195.90 level; while an aggressive stops can be place just above the 195.40 level. First target can be placed at 194.00, and the extended target can be placed at 193.40.

I would love to hear your opinion, feel free to comment, agree or disagree.

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