GBPJPY - Can the bearish momentum continue?

PAIR IN FOCUS: GBPJPY
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM

On the daily time frame, we have a bearish engulfing candle which offers a SHORT opportunity. On the H4 time frame, we can see that price has corrected into a Critical Zone. Important to see how price reacts in the CZ. If price has a clean break down the CZ, we can expect price to reach the TP levels. Otherwise, price could rebound off the CZ as well.

The TP levels and Stop Loss are indicated on the chart. Remember to manage your risk!

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