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ndjf310

SHORT GBPYJPY

Short
British Pound / Japanese Yen (FX:GBPJPY)  
ndjf310  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Support and Resistance Trend Lines shortsetup gbpjpyshort
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trendanalysis supportandresistance trendline shortsetup gbpjpyshort
The GBP pair has been loosing momentum and has been falling so I will be shorting the GBYJPY for the reasons listed below:


It has created 2 lower lows on a 4 hour time frame


There was a support line that held 3 times that has now turned into resistance.


I also have a trend line that has been respected several times now.


Last reason is that it hits my fibonacci of 38.1%
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