GBPJPY short idea based on fib
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Hi traders,
On the GBPJPY we can see that price is reaching the trendline that has formed. At this area we also have the 50% Fibonacci retracement, 161.8% Fibonacci extension and 127.2% Fibonacci extension. This is just a few pips above current market price.
Entry: 135.816
Stop: 137.250
Target: 133.445 = R:RR 1.65
Good luck! Updates will follow.
On the GBPJPY we can see that price is reaching the trendline that has formed. At this area we also have the 50% Fibonacci retracement, 161.8% Fibonacci extension and 127.2% Fibonacci extension. This is just a few pips above current market price.
Entry: 135.816
Stop: 137.250
Target: 133.445 = R:RR 1.65
Good luck! Updates will follow.
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