FX:GBPJPY   British Pound/Japanese Yen
GBPJPY            

Double retracement to .618 in last selling movements indicates it is not a wedge
Wedge would be .618 , then .50 to create new low with more slope

This implies we are probably trading wave 2 inside wave 3
Short @167 target 161
target 2 = 157 (base channel in weekly chart)

Related Ideas

Rogelio
GBPJPY 30 min
Rogelio about GBPJPY 10 months ago
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