GBPJPY - Limited upside expected.

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY is Bearish - We look to Sell at 130.55

▪️ We have a 61.8% Fibonacci pullback level of 130.60 from 131.41 to 129.30.
▪️ The medium term bias remains bearish .
▪️ Bespoke resistance is located at 130.55.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 130.55, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.

Stop: 130.85
Target1: 129.30
Target2: 129.00
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Morning Dips007.
The overall trend is just too negative here. Personally I cannot see any sort of sustained strength. Keep selling rallies I think.

Things can change of course!
I agree. I just commented on somebody else's chart suggesting 136 turning point made me laugh out LOUD!
ie. (If you agree) borderline turning whole market bullish LOL!
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