4H GBP/JPY SELL

27 Apr 2020

GBP/JPY is in a distinct 4hour sell bias. GJ was currently consolidating and creating the final exhaustion from the earlier push down. Possible selling opportunity, watch out for extra SL hunt place SL above previous wicks. Multiple confluences for sell including trendline touch, supply & demand zone, 50% retracement fib, sell bias market structure creating the HL to push down for a new LL, imperfect double top. Targets are around the -27% rib extension or around the 131.00 round psychological number.