barry_fxtrader
Short

GBPJPY POTENTIAL SHORT

FX:GBPJPY   British Pound / Japanese Yen
Here is some simple break-retest analysis.

I would like to see a retest of the bottom trendline and further bearish confirmation for a short position on this pair.

Confluence added to the analysis with a fibnoacci retracement of around 61.8 - 76.4%.

Risk reward will be 3:1 on this trade if it retraces the correct amount.
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