GBPJPY Technical Analysis 17-Jul-2018

It seems to be soon there will be a shorting opportunity as its a 61.8 fib level as well as a trendline crossing and a resistance level is also there more than one confluence factor which can be a potential selling opportunity as the market seeks for such levels.

I will always recommend the traders to always consider risk management in the trade as the market have no guarantee to reverse or go against the signals. Your first and foremost priority should be a capital preservation and it doesnt mean to stake all your capital on 1 trade.