[Sell Limit] GBPJPY is Bearish - We look to Sell at 130.55
▪️ We have a 61.8% Fibonacci pullback level of 130.60 from 131.41 to 129.30. ▪️ The medium term bias remains bearish. ▪️ Bespoke resistance is located at 130.55. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 130.55, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile.
Morning Dips007.
The overall trend is just too negative here. Personally I cannot see any sort of sustained strength. Keep selling rallies I think.
Things can change of course!
Dips007Trading
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I agree. I just commented on somebody else's chart suggesting 136 turning point made me laugh out LOUD!
ie. (If you agree) borderline turning whole market bullish LOL!
The overall trend is just too negative here. Personally I cannot see any sort of sustained strength. Keep selling rallies I think.
Things can change of course!