psalloum

Potential sells on GBPJPY

Short
FX:GBPJPY   British Pound / Japanese Yen
What we can see above is the marked previous monthly high, the previous weekly highs and lows also.

If we fib the high to low of last week we have our deep retracement zone lying within an area of interest.

i will be anticipating this week for the price to move up during monday tues if it intends to move down. I will closely watch the price as the week goes.

I will also consider last weeks high that created a double top and now a major area of liquidity lies above.

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.