gbpjpy shortWill be monitoring this trade closely this week, but my bias remains short at the moment. the area where the ray line is has been a good intraday support and resistance area. Which aligns perfectly with the .318 fib which is added confluence for a strong level of resistance for the current price action. Ill be waiting for a retest to that ray line for an entry only if it goes up correctively, if it impulses through that zone will sit on my hands and wait to see what the market is doing. I wouldn't be surprised if we get a sharp impulse down through the monthly support level below into a bear flag continuation to the downside where ill be taking an entry if i see a clean structure of the flag.
