GBP/JPY Swing Trade - Opportunity for Short

Short

Livre sterling / Yen japonais (OANDA:GBPJPY)

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OANDA:GBPJPY Livre sterling / Yen japonais

fibonacci candlestick flagpattern gbpjpyshort fibonacciretracement

GBP/JPY has been experiencing a corrective flag. It looks like the correction could be coming to an end based on a 50% fibonacci retracement. If prediction is correct we have an opportunity to open a short position to continue the downward trend. This could take us to a low of at least the previous low of 145.077. This trade is no suggestion to place an order to buy or sell, but is for demonstration purposes only. Trade at your own risk. I am always a student. I welcome feedback and any insights from other fellow students.

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