[Pending] GBPJPY is Bearish - We look to Sell at 133.20
▪️ The medium term bias remains bearish. ▪️ We have a 78.6% Fibonacci pullback level of 133.21 from 133.55 to 131.94. ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 133.20, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile.
They don't all work out unfortunatley. Just the way trading goes!
Not quite stopped on it. Still a chance, but looking unlikley. Stick to the stop loss.
Not quite stopped on it. Still a chance, but looking unlikley. Stick to the stop loss.