GBPJPY Short
GBPJPY is showing weakness having failed to take the 38.2 of the recent drop and has also made a lower low and now possibly a lower high. Taking the fib extensions we can see a possible target at the 127 extension. Whether price will get there or not only time can tell but there are multiple take profit targets along the way
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.