GBPJPY Sell - Finished its retracement, lower high is formed
GBPJPY has completed its retracement at the FIB 0.618 zone and formed a lower high within a downtrend channel. Based on this, we anticipate that the price will decline towards the 161.100 area, which was previously rejected by a candle.
Trade closed: stop reached
Wait for another setup.
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Related publications
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.