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Sapphira
Aug 29, 2018 10:56 AM

GBPJPY Short

British Pound/Japanese YenFXCM

Description

Price has made a shallow retracement to the .382 level and has twice tested the long term sloping trend line. As long as price remains below this level I will trade the longer term trend short.

Comment

Price has broken through the sloping trend line and reached the .618 retracement level. It could turn down here but given the bullishness I am watching for a possible continuation up to test the higher sloping trend line around 146.85 level.
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