Looking to go short on GBPJPY.
The last one I posted was a bust unfortunately. Yen has gone crazy strong this week, but I assume that we will see a drop, or correction in the coming days.
Here I have marked up what I think will happen with GJ.
We’ve got a daily TL, 61.8 fib, and 200 MA. Three very good confluences to send it short.
I have also looked at other xxxJPY pairs and they all seem to be moving in the same way setting itself up for a drop.
Let me know what you think below - cheers.
