GBP / JPY Short.
Price made a high back into a Daily OB on Monday breaching above Friday's High. OB= 153.752-153.453
Following this swing high, we tested the initial Low of the Week @ 152.952 that happened on Tuesday.
Anchoring a Fib. Retracement tool from the week High @ 153.487 to the week Low @ 152.416 it was expected to see the price trading back to the
-62% @ 153.080
-75.5% @ 153.171
-79% @ 153.262
I could see the price potentially trade lower between 152.416 and 153.352 JPY.
Following this swing high, we tested the initial Low of the Week @ 152.952 that happened on Tuesday.
Anchoring a Fib. Retracement tool from the week High @ 153.487 to the week Low @ 152.416 it was expected to see the price trading back to the
-62% @ 153.080
-75.5% @ 153.171
-79% @ 153.262
I could see the price potentially trade lower between 152.416 and 153.352 JPY.
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