GBP/JPY is currently retesting the broken trendline and just about didn't reach the 0.618 fib level.
There is also previous support levels on the left now likely to become resistance.
These 3 factors make this area a good confluence zone to short the pair.
The price seems to be rejecting this area however, I will wait for my entry confirmation before entering the trade.
Hopefully you like the post and I would appreciate support by liking or commenting on the idea!
There is also previous support levels on the left now likely to become resistance.
These 3 factors make this area a good confluence zone to short the pair.
The price seems to be rejecting this area however, I will wait for my entry confirmation before entering the trade.
Hopefully you like the post and I would appreciate support by liking or commenting on the idea!
Trade closed: target reached