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introforex
Jul 21, 2021 2:31 PM

GBPJPY Sell Limit (Short) Short

British Pound/Japanese YenFXCM

Description

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)
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