GBPJPY is on bearish momentum! | 22 Nov 2021

FX:GBPJPY   British Pound / Japanese Yen
Prices are on bearish momentum and abiding by our bearish trendline . We see potential for a dip from our sell entry at 153.780 which is an area of Fibonacci confluences towards our Take Profit at 152.441 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Alternatively, our stop loss will be placed at 154.734 in line with 38.2% retracement and 161.8% Fibonacci extension . Technical indicators are showing bearish momentum.

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