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AndreValentin

GBPJPY SELL

Short
British Pound / Japanese Yen (FX:GBPJPY)  
AndreValentin  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Wave Analysis SELL GBPJPY gbpjpyshort gbpjpyanalysis
1
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trendanalysis waveanalysis sell gbpjpy gbpjpyshort gbpjpyanalysis
TRADE #9

Possible scenario for GJ.

I am basing this idea as of 1.618 extension of wave 1. The price meets perfectly with the fib extension.

sell at 147.000 - Which is 23% retracement of wave 3 and it is in conjunction with the down trend line.

Other option is 148.300 - around that level. Which is 38% retracement of wave 3.




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