GBPJPY is currently printing another lower High, price on the daily chart has been in range for several days and we have seen a breakdown from smaller time-frames. Yesterday rally can be considered as a discount in price. First indication is 140.43 is an area of interest, this price level was sold yesterday and another failure to advance beyond this point with momentum will further increase the likelihood of a strong selloff. ENTRY SHORT: 140.43 SL: 140.80 Target1: 138.63 Target2: 135.49
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Commento
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Price has failed the Structure and traded back below 140.43. Sell or do nothing!