FUNTRADER-Vera

1109 GBPJPY looking for selling signal now or later

Short
OANDA:GBPJPY   British Pound / Japanese Yen
Hello traders,

GBPJPY is on my selling list since last idea. But we did not get a confirming signal to open sell since price rallied up again from the red support zone.

But on this 4H chart, it is good to see price push up again to test fibo 1.414 and a reversal pattern appeared after hitting that position.
Still got 1.618 up as pressure zone.
But if price would make another bearish candle later, we should think about our plan to sell again.
150 is still our selling target.

Good luck on this plan.
LESS IS MORE!


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