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Coder775

GBP-JPY Short.

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Coder775 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Wave Analysis GBP jpy GBPJPY gbp-jpy short
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trendanalysis waveanalysis gbp jpy gbpjpy gbp-jpy short
Hi, So as we can see, price has reacted to our 241.4 fib and retraced lower to 261.8 . if we will break 261.8 our target is as shown on the image.

This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Comment:
After breaking our support at 261.8 fib, the market is retesting it as resistance, target will be reached soon, only break of 146.1 resistance would cancel bearish scenario.
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