ovidiu_andi

GBPJPY Short

Short
ovidiu_andi Updated   
FX:GBPJPY   British Pound / Japanese Yen
GJ may see a new downtrend after this apparent loss of momentum. It rejected the 61% fibonacci level and it didn't make any higher high. It would be better if it makes a lower low so the downtrend is confirmed, but we can also take a RISKY trade here. It's up to anyone's risk management.
Comment:
Also: uptrend's impulses are flattening and the corrections are getting steeper, so it may be another confirmation for this trade.
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