Great Pound/Japanese - Selling on a pull back to the 158.5 level

14 apr 2016

Im looking to sell the GBPJPY at the 61.8 Fib level. GJ has been in a strong downtrend. Good confirmation to sell on the pull back at 158.500 with the Daily descending trend line, 61.8% fib retrace and strong resistance horizontal line of 158.500.

Let me know your thoughts!

Thanks.