GBPJPY short @ 183
High probability short at 183 level for GBPJPY.
1. There is a break of structure from the heavy uptrend, and there has been enough consolidation period for the trade to be valid.
2. It is right against the trendline that can be formed
3. As of recent GBPJPY has been reversing about an hour after the US open
I would personally take this short with s/l at the 183.4 level, where it came down from to first profit at 182.5 and second profit possibly to 182.2.
1. There is a break of structure from the heavy uptrend, and there has been enough consolidation period for the trade to be valid.
2. It is right against the trendline that can be formed
3. As of recent GBPJPY has been reversing about an hour after the US open
I would personally take this short with s/l at the 183.4 level, where it came down from to first profit at 182.5 and second profit possibly to 182.2.
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