evanhoe
Short

GBPJPY 3/26 Week 5 Analysis on a 4-hr chart

FX:GBPJPY   British Pound / Japanese Yen
Strong bearish trend .
Prices are holding around 159.800 (Red zone).
Great for a quick 2.7R:R.
Could be a role reversal level but seeing there is a strong impulsive bearish move on the 3/22 5:00 UTC, the following moves are very likely corrective moves.
Allow a few extra pips for some breathing space given that this pair is extremely volatile.
Looking to enter during the Asian session if the support holds within range.
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