I didn’t expect much movement with GBPJPY yesterday. But it moved down over 150 pips !!
Thus I have to assume this down movement continues, especially because I am expecting USDJPY to come down today. (See my other post today)
The sell zone will be … Take a fibonacci of yesterday’s high and low, and try to sell from somewhere between Fib38.2% – 61.8% (186.50 – 186.90) level.
The target will be Fib138.2%, that is 185.210
YJ Baik – Forex.Today @ Tokyo