GJ - Primed for a move to 135??

After making some nice profits last week and closing for the weekend;
I believe we will still see further downside for the Beast that is GJ.

Weekly outlook shows we are @ a 3rd attempt to break the major Bearish trend line.
Daily has had 2 attempts without success; printing daily bearish engulfing rejections.
Weekly Fib is at the golden 61.8 for GJ; only further confluence for this area to go short.
A major consolidation @ this point; coupled with the unsuccessful attempts to break; indicates the Sterling is not going to win this war.

4Hr breakdown shows some nice PA to the downside; using 1 hr for entry.

If we reach the 139.8 area; i will be looking for further shorts.


Please note GJ is an absolute animal; and this area is of high risk. we are still in " no mans land '" onme poush to the upside and we are in long territory.

Short - 139.8
Stop Loss - 140.2
TP - 135.2


Break of 140.2 and we could see 142.00


Happy trading!