GBPJPY 27.02.2022
Looking to short GJ from 155.500
Confluences:
- Bearish market structure as LLs and LHs are being printed.
- Broke below 155.500 support region without retest.
- Retest level (155.500) which is currently the support-turned-resistance level falls inline with the 61.8% fib reversal levels.
A potential push to higher fib extensions may occur, will look for signs of rejections once market reaches the sell zone
Confluences:
- Bearish market structure as LLs and LHs are being printed.
- Broke below 155.500 support region without retest.
- Retest level (155.500) which is currently the support-turned-resistance level falls inline with the 61.8% fib reversal levels.
A potential push to higher fib extensions may occur, will look for signs of rejections once market reaches the sell zone
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