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British Pound / Japanese Yen
Short

GBP/JPY Short - Retest of the Breakout

68
GBP/JPY is now coming up to retest the trendline which was previously used as support. This provides a good opportunity to enter a short position at the retest, this area is also within the fib retracement zone and thus provides a strong bias to the downside. Wait for the candle to close before entering the trade. The ideal entry is where the fib zone and trendline meet.
LeeThompson97
breakoutGBPGBPJPYgbpjpyshortjpyretestshortTrend Lines

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breakoutGBPGBPJPYgbpjpyshortjpyretestshortTrend Lines
LeeThompson97

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.