GBP/JPY SHORT

٤ يونيو ٢٠٢٠

I believe GBP is in very overbought territory and is due to fall fast soon. This chart is the 0.618 fib level and also a key resistance level. If it breaks i think at will only be a false break out before crashing down. Wait to see how it reacts to this level before entering a short but i think the risk to reward makes it a good trade. please give feedback and comments