GBPJPY: Approaching Kill Zone! #forex

Major Confluence Zone

• Previously broken rising trend line
  
• Falling trend line that started from 189.70 high
  
• 61.8 retracement for the latest main bearish wave
  
• 1.27 extension for the latest minor bearish decline
  
• 1.618 extension for the latest minor bearish decline
  
• Swing high (horizontal resistance at 181.00
  

Note that this is a "POTENTIAL" Resistance zone, it's totally normal that the price surpasses that area without any bearishness. This is not a call for short, however, i will SURELY be looking to short if i get a short term signal there.

Good luck...
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