UnknownUnicorn772665

GBPJPY Short Trade *BEARISH TREND CONTINUATION*

Short
OANDA:GBPJPY   British Pound / Japanese Yen
Here is a simple short trade set up for GJ based on the current downtrend making lower highs and lower lows on all timeframes.

I am looking for a pullback up to the prior support now resistance at 138.00

This price level coincides with the 1hr fib 0.618 retracement level and the 50ema should be around there too.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.