UnknownUnicorn3817558

GBP/JPY_1st Week of March 2021

Short
FX:GBPJPY   British Pound / Japanese Yen
What info can we get from Daily and 4H chart analysis:

1. Price broke the major resistant trendline

2. Price make a pullback and retrace at 38% fibo level

3. Price possibly continue with bearish momentum until it reach the major support trendline

4. Price could possibly heading for the 2nd key support level marked at 144.636

* its best to look for the price action at key area or major trendline before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
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