fibonaccis are pointing at a very good setup to go short here the gbpjpy we have a lot of fibonacci confluency here at the retouch of the breakout. we have a 61.8, a 38.2 and a 127 extension that all line up at the 162.680 level. if the market makes its way up here it will give us a good setup to continue going short with the bearish trend
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David K Giraldo