GBP/JPY Short
After being in a range zone for nearly a month I feel this pair is ready to take a bearish direction.
-Range has broken to the downside and been retested
-Moving average and fibonacci level align with the retest of the range zone. (4H)
-Price action closed below the moving average at 2pm closure. (1H)
Stoploss - Above weekly resistance @ 147.500
Targets -0.27 Fib + Monthly Resistance @ 145.000
This is my analysis and only to be used as a confluence to you own analysis and not a signal!!!
-Range has broken to the downside and been retested
-Moving average and fibonacci level align with the retest of the range zone. (4H)
-Price action closed below the moving average at 2pm closure. (1H)
Stoploss - Above weekly resistance @ 147.500
Targets -0.27 Fib + Monthly Resistance @ 145.000
This is my analysis and only to be used as a confluence to you own analysis and not a signal!!!
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