theforexdaddy

GBP/JPY LOOKING BEARISH

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OANDA:GBPJPY   英鎊 / 日圓
Technical analysis:

*- Nice downtrend with lower lows & lower highs on 4H & Daily timeframe
*-61.8 fib retracement fits almost perfectly with my resistence and trendline
*-Huge bearish engulfing candle
*-xxxJPY other pairs are also looking bearish
*-On the long run I am expecting this pair to meet 142.5 are

Have everyone a good week and #Tradesafe
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