GBP/JPY 1hr timeframe
This pair is still in a strong downtrend respecting the resistance. I think we should wait for the price to reenter the selling zone before opening a trade, Our final target for the short term is around 189.66 a previous significant level in the 4hr timeframe.
I'm putting here a R/R of 1:3 but I think it is very possible to go further down so I can see also a R/R of 1:4 for the most brave. good luck everyone! :)
I'm putting here a R/R of 1:3 but I think it is very possible to go further down so I can see also a R/R of 1:4 for the most brave. good luck everyone! :)
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