GBP JPY short
Will short this pair if it retraces back to around the neckline at 135.600 and we get a clear rejection. the pair is in a strong decending channel. Using the fib tool, the 50-61% zone hits perfectly with the neck which adds more confluences and confidence to the trade.
first initial targets will be:
133.795
131.962
with an overall target of 130.800
Happy trading!
first initial targets will be:
133.795
131.962
with an overall target of 130.800
Happy trading!
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