GBPUSD Retracement? 21.09.2021It is clear that the pair has been suffering a long fall since the 16th of Sept.
The Fibo retracement looks promising and further fall is unlikely without a retracement first at least where the blue arrow indicates.
No significant news/reports for the GBP or the USD to push the pair further down are scheduled so probability of upward retracement is on our side.
Retracemet
AUDJPY Short AUDJPY - SHORT
We are looking for a retracement back down to the last support area.
As you can see AUDJPY has been overbought, rejecting of the R5 pivot point.
Now we are looking for a retracement back down to the the area as shown. We will see when the markets open getting position of the pivots and catching the ride down to the support.
We would exit once it reached the support.