GBPJPY potential for further downtrend | 9th Dec for FX:GBPJPY by desmondlzw

GBPJPY potential for further downtrend | 9th Dec

GBPJPY potential for further downtrend | 9th Dec for FX:GBPJPY by desmondlzw

Price is near sell entry price of 150.514 which is 23.6% Fibonacci retracement and 61.8% Fibonacci projection . Price can potentially dip to the take profit level of 148.987 which is also the graphical swing low. Our bearish bias is supported by the ichimoku cloud indicator as price is trading under it.

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