GBPJPY:Unsustainable parabolic trend
This pair has hit an institutional supply zone after a extended bullish run which took out many retail short positions.
Right now, we are seeing some form of rejection candle show up.
I expect price to retrace towards the 147 level first before any further bullish attempt.
GBPJPY Short:
Entry is valid as long as price is below 152.35
SL:153.00
TP: 147.10
Right now, we are seeing some form of rejection candle show up.
I expect price to retrace towards the 147 level first before any further bullish attempt.
GBPJPY Short:
Entry is valid as long as price is below 152.35
SL:153.00
TP: 147.10
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