GBPJPY Short Idea

Price is looking very bearish and heading down ending the big downward wave.

The price is currently re-testing the resistance level unloading the heavy selling before rebounding and continuing to move lower.

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My Daily Chart;

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The price did not move as expected to the downside.

So the trade was closed manually covering the spread.

A good trade would move in your direction quickly, this one did not. There is no momentum for the pair to go further to the down side.