GBPJPY long term sell
After a year of massive gains
I am expecting a major correction in the market, a possible market crash
GBPJPY has currently formed a double bottom on the 23% Fibonacci level
- Expecting a retracement (LONG positions) towards the 50% FIB level
-if price closes above 50% FIB level expect a retest of the psychological zone 200.00
-once prices reach that level expect an immediate impulse towards the downside
- but if not short until 169 as identified on the levels on the chart
currently it is bullish
I am expecting a major correction in the market, a possible market crash
GBPJPY has currently formed a double bottom on the 23% Fibonacci level
- Expecting a retracement (LONG positions) towards the 50% FIB level
-if price closes above 50% FIB level expect a retest of the psychological zone 200.00
-once prices reach that level expect an immediate impulse towards the downside
- but if not short until 169 as identified on the levels on the chart
currently it is bullish
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