GBPJPY sells still in play

GBPJPY sells still in play

Our short trade idea form last week is running great but at today’s open price started to trade down to a massive key level in the short term. The 141.60 is the end of wave 1 AND wave 4 in the former bullish structure that we traded the reversal on. This means that there will be a lot of buyers at this level.

We are trade below the POC of the last move up and should price break with this level we see the possibility of retesting the lows of the range.

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Author : Orlando Gutierrez

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