Fxprotrader

GBPJPY: Watch For Shorts At Current Level

Short
FX:GBPJPY   British Pound / Japanese Yen
After a rally and an impulsive up move, price has reached the median line of an upsloping pitchfork, where we see that is now consolidating. At the same level we have the 0.786 fib retracement of previous downmove. That's a nice level to watch for shorts in a lower timeframe.

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