TheForexScalper

Gbpjpy h4 Technical Analysis by The Forex Scalper

FX:GBPJPY   British Pound / Japanese Yen
as indicated last Sunday it was time for a good retracement for gbpjpy 138,000 is still respected which is a very important key level, which is an indication that this is the possible new '' lower high '' to form a new lower low, may be to continue our bearish path. also in this case it is important to see how the asia / london session is going to form and if we can expect a nice h4 bear engulfing keep in mind if we break 138,000 that we have just entered an entry take the new higher low on the first pullback! to avoid a fake out (liquidity grab)
very nice trade and analysis! Following you now, keep it up! Leave us a like on our Profile aswell mate :)
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