GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow

GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow

We have seen GJ push for a while to the upside without a retrace or break of Structure on any significant TF, until now...

We see that the M30 TF has broken a level of support.

I would wait for either we see a nice retrace to 38.2 on that M30 Break then a nice bearish engulfing form

OR

it break the support that it is currently at right now... Again retest the broken area and strike!

145.5 is our target because it is at least 38.2 on Fibs for the H4 TF's move.

Note

Here is The Interactive Picture

Trade closed: target reached

145.5 TP SMASHED! :)

FxProNow

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GBPJPY - BEARISH - Intraday Pullback to $145.5 - 200 Pips #Forex

by FxProNow

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