GBP/JPY update

٣ سبتمبر ٢٠١٨

So that gbp/jpy short worked really well last time and i am expected it to weaken again here looking at support for further down at tthe 23.6% fib retracement from the highs on july 31st to support from august 10 -15th. Right now the 38.2% fib is holding, would expect it to bounce back up to that horizontal red line an drop back down break the 23.6% and could be run for new lows. Remember GBP is going to be trading off of geo-political headlines from here on till whenever they get the trade situated with the Eurozone.