GBPJPY oversold or still in downtrend? SELL GJ until 144.000


GBPJPY closed below 145.500 so price will be heading towards 144.000.
Price broke the 61.8 Fib level and is currently bearish heading towards fib level 78.6.
50 EMA still above 14 EMA confirming that the market is bearish.
ADX also confirms bearish nature of market with red line above 25 000 and yellow line above the red line confirming sells for a long time.

Look for sell entries in 15-minute time frame.
Do not forget to follow your trading plan and use proper risk management.
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