RCP

GBPJPY: Very, very nice setup

Short
FX:GBPJPY   British Pound / Japanese Yen
When analyzing the market according to my portfolio, I have noticed this very nice setup. This is Rounding Top.
We should wait the price to break the neckline and retest it for more confluence and then go short all the way down and take good profit. We have confluence of fibs ratio of 61.8 at the target 1 zone and nice support level @182.44. Target 2 will be the Lows @180.31.
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