GBP JPY Short Anylsis

11 thg 12, 2018

For GBP JPY, due to Brexit fears, we've seen a huge amount of bearish momentum for the Pound yesterday. With previous day's bearish momentum in mind, I see the pound retracing to test 142.83 breakout for the pair. Weekly, Daily, and 4 hour candles suggest a push lower to the next resistance level. I would expect an impulsive rally for retest to then gravitate toward filling orders within the 141.20 Wick levels for the pair. Possible T1 would be 140.58 within the next Zone. I'll be looking for more confirms during the London session today to strengthen my bearish bias.