joni.rcunha

GBPJPY - Building a case to get short

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FX:GBPJPY   英鎊 / 日圓
2
The price is now on the Resistance Zone and I believe it will reach 190.297 to complete the ABCD pattern. At that level we see the 1.618 A-B Fibo Extension. Then I'll expect a retracement to the Fibo 61.8 C-D leg, that will be the zone that was a resistance that became support.
Stop at 191.910
Target at 184.400
P&L Ratio = 3.66

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