SHORT GBP/JPY.

SHORT GBP/JPY, ***IF there is a retracement and a clear rejection on the 61,80% level of the fibonacci (the fibonacci has been taken on the last H4 impulsion wave). The market did a fake breakout of the trendline above wich started on the 22th of January 2018. IF the market retraces at this level and rejects it, it will form a head and shoulders pattern on the daily timeframe, it will also find resistance due to the trendline.