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British Pound / Japanese Yen
Short

GBPJPY More Room For Bearish Potential Part 2

By cheminacci
Updated
After getting the .382 retrace thanks to the BOJ news, it looks as if GBPJPY has a lot further to go. We're entering major bear territory for this pair. Projected target 1 at 156.75 level (1.272 extension). Projected target 2 at 148.00 levels (1.618 extension)
Comment
GBPJPY began to make its move downward last week. This week we should expect major resistance.
Comment
This bad boy is moving down very nicely.
Comment
Trend continuation confirmed. Break of support at 163.980
Trade closed: target reached
Target 1 hit
Trade active
Target 1 hit. Trade still open
cheminacciFibonacciFibonacci ExtensionFibonacci RetracementGBPJPYgbpjpydailygbpjpyshort
cheminacci

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