Sell GBP/JPY at 201.1 — Fibo Overlap Setup, in line with the downtrend.
Condition 1: Trend alignment — price still has room to continue, and the downtrend remains intact.
Condition 2: Draw a Fibonacci retracement following the trend — the strongest zone (0.5–0.618) overlaps with a key level around 201.05–201.2.
Condition 3: An order block appears around the 201 area.
→ Conclusion: There is a sell setup at the 201.1 zone.
Stop loss: above the strong Fibonacci 0.5–0.618 zone.
Outlook: price is expected to continue falling.
Analysis by: Hung Minsk Fibo Trung
Condition 1: Trend alignment — price still has room to continue, and the downtrend remains intact.
Condition 2: Draw a Fibonacci retracement following the trend — the strongest zone (0.5–0.618) overlaps with a key level around 201.05–201.2.
Condition 3: An order block appears around the 201 area.
→ Conclusion: There is a sell setup at the 201.1 zone.
Stop loss: above the strong Fibonacci 0.5–0.618 zone.
Outlook: price is expected to continue falling.
Analysis by: Hung Minsk Fibo Trung
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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.