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TraderMozo
Nov 22, 2021 8:09 AM

[22/11/21] GBPJPY Bearish bias Short

British Pound/Japanese YenFXCM

Description

PAIR IN FOCUS: GBPJPY
BIAS: BEARISH / SHORT

Price seems to be rejecting the resistance zone. Candle wick rejection off a resistance zone with a 50% fib. retracement, gives more confirmations for an entry.

Targeting the previous swing low for TP. SL placed just slightly above the rejection. Price could attempt to retest the resistance zone again before the next leg down.
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