GJ is heading towards 152.4 area or even further

GBP Finally broke the support of 155.50 with such a huge force that it did not get any chance to re test it as a resistance. However, it also broke the support of 38.2% Fibo level also (as in picture) without any issue. Now for this week, I am expecting GJ to go further down towards my final destination of 152.40 area. But there is a chance that it may test 154.61 zone or the wedge or the 155.48 zone before giving the final push.

Please note that smart and big investors already took their position at 157.10 and 155.50 zone so they will push the price further down to maximize their return.

Trade active:

putting my first sell order according to the above analysis

Sell : 154.34
TP: 152.50
SL/Hedge: 155.25

Trade closed: target reached:

Comment: Hi Guys Taking my profit a bit early as it reached to 50% Fibo Level. Manually closed at153.62. I expecting a bit of price ranging around this area before finally going down. So will wait for a better entry sometime today or tomorrow and short again. Made an excellent profit.