Possible short opportunity on GBPJPY
Possible short opportunity on GBPJPY because...
1. It is in a downtrend, making lower highs and lows.
2. Using Fib extension, it is testing the 61.8% retracement.
3. Price retested former support.
4. There is a bearish flag pattern forming.
5. Price tested the 50 EMA and 100 EMA.
TP 1: 155.430
TP 2: 155.200
SL: 155.900
1. It is in a downtrend, making lower highs and lows.
2. Using Fib extension, it is testing the 61.8% retracement.
3. Price retested former support.
4. There is a bearish flag pattern forming.
5. Price tested the 50 EMA and 100 EMA.
TP 1: 155.430
TP 2: 155.200
SL: 155.900