Short GBPJPY

Here's an update from the last GJ post. Still short & it's looking like the pattern is playing out.

Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

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You can see there is almost no buying interest after 135.28. Trader sentiment is now near the 50/50 level. So we can expect the price to test that recent high and drop further.