GBPJPYI am currently looking at a retracement to the downside in which my targets are outlined. once my downside target 1 has been hit i feel we should see the momentum back to my upside targets. We can potentially break below the OUTER T.L and hit the yellow barrier highlighted which will be a retracement the 0.61 level which is a confluence before price makes the move to the upside.
for me to go short beyond my first downside target 1= downside targets 2 and 3 i will need to see a clean close and break below the outer T.L and the yellow barrier on the DAILY TF and also a M.A cross over to downside.
