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British Pound / Japanese Yen
Short

Structure Base Short (Fib Cluster)

97
As price action is moving to the upside, traders can look to short the GBPJPY as we have a major structure level as our near term Kill zone.

We have :
a harmonic move (AB=CD) coming in at structure.
  • Fib retrace of 50% coming in structure

we also have a 1.27 inversion coming in at structure as well.

Traders can look to sell at near term structure

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AB=CDstructure-trade
Siyabonga_Ngcobo
Also on:

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.