Another 4hr trade idea. As GBP failed move beyond the 136 zone, it's given JPY strength and with COVID-19 still affecting the British economy. I see price falling as far as 130 area but could even fall to 125 over the next coming weeks. Let's see what happens!
FX:GBPJPY reached a critical point today, big resistance at this point as it is an intersection between a downtrend and 50% fibonacci resistance ... we will go down for sure, with an entry on 142.450, a stop loss on at 143.988 (23.60% fibonacci) and a first target at 141.002, a second target at 139.512 and 3rd target at 138.591