GBPJPY Sell Limit (Short)

FX:GBPJPY   British Pound / Japanese Yen
Looking to take a short off this reaction level for GBPJPY , we can see over to the left we have tested this level before as support before breaking through and trading below - I am looking at shorting when price comes back to this level. I am aware that this level has only perviously been tested the once but we are also finding confluence around the 61.8% fib level. Going agaisnt the short term uptrend, if this trade manages to go as we expect we could be looking to take a long with the trend off the top of these range highs (which is the top of the daily pin)


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.