The GBP pair has been loosing momentum and has been falling so I will be shorting the GBYJPY for the reasons listed below:
There was a support line that held 3 times that has now turned into resistance.
I also have a trend line that has been respected several times now.
Last reason is that it hits my fibonacci of 38.1%
There was a support line that held 3 times that has now turned into resistance.
I also have a trend line that has been respected several times now.
Last reason is that it hits my fibonacci of 38.1%