lonewolf277
Short

Possible resistance reached?

OANDA:GBPJPY   British Pound / Japanese Yen
The bat pattern must be my favourite pattern, adhering to the very strong 88.6 Fibonacci level and reacting nicely to that area more often than not. This might be no exception, and it's going to be interesting to see what the currency does at this level. I might wait before trading this setup, in the face of a very strong up move, but in terms of a short bat pattern it doesn't get more accurate than this!
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