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ProtraderFaisal

GBPJPY going down?

Short
British Pound / Japanese Yen (FX:GBPJPY)  
ProtraderFaisal  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Harmonic Patterns
2
0
trendanalysis chartpattern harmonicpatterns
GBPJPY retraced from .80 fib level at 4hrs TF with bearish engulfing candle.
152.600 was its breakout level, after breakout it went straight up to 154.500 from where it has started falling.
It might retest the breakout level and then start the bullish rally once again.
Short position can be opened with the SL of 154.550.
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