imee_noni

imee_noni

Traders may think to get long here for retracement or counter trend trades. Selling pressure on GBPJPY, may retrace upto 38%-61%.

imee_noni

There is a huge selling pressure on GBPJPY, no doubt the market likely to continue its selling pressure. ABCD pattern completes here and retracement is expected for bullish or Long positions. Please see RSI, STOTCH. I think traders may go long for 38% and 61% targets for retracement.