GBPJPY Continuation Sell
Updated
Technical Analysis
We have continued to have a shallow retracement at the 23.6% level for months.
Price has attempted to break above the 1.18 and 1.27 extension to no avail.
I am anticipating a retracement atleast to the 38.2% fib level, wishful thinking but a retracement to the 61.8 would be even better.
I'm looking for a deeper retracement on this pair.
Fundamental Analysis
Russia invaded Ukraine.
We are in a risk off environment.
We have continued to have a shallow retracement at the 23.6% level for months.
Price has attempted to break above the 1.18 and 1.27 extension to no avail.
I am anticipating a retracement atleast to the 38.2% fib level, wishful thinking but a retracement to the 61.8 would be even better.
I'm looking for a deeper retracement on this pair.
Fundamental Analysis
Russia invaded Ukraine.
We are in a risk off environment.
Trade closed manually
Looking for a higher price before a sell execution.
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