Potential Short Opportunity for GBPJPY

1 mag 2020

I have identified a potential short opportunity for this pair. After yesterday's momentary bullish breakout, it has confirmed that on the daily timeframe, the pair is trading within a large 500pips range. Thus, as it has clearly rejected the resistance at the top, we will look for potential short opportunity for this trade, with targets at the next clear support for the pair as identified on the 1H timeframe.