GBJPY Short Opportunity

21 May 2018

Looking at this 50% Fib retracement as an opportunity to short the pair w/ several stop ideas. First, the 150 level is the 50% fib, and then a the 153 level, which would be the last important pivot high. Of course, somewhere in between may also work, depending on price action and specific drivers in the market. Keep an eye out for the next update.