GBPJPY analysis - 118.50 next??

chart 15 min - 3.15 pm Malaysia

Price is currently entrapped between the two trendlines. Now I am waiting the price to pierce the confluence of lower trendline and yesterday's low.

Should the price breaks downwards, my target projections are 119.50 and 118.50; which are the fib levels of 138.2% and 161.8% respectively.
3.52 pm - looks like yesterday's low is going to be broken
I went short at 121.58 due to 76.4% fib rejection
already +45, already moved SL to +5[-o<
4.18 pm - London bridge is falling down.. falling down \:d/
5.28 pm - +144; SL rest at +50
5.45 pm - 119.50 hit....
closed half position at +200
6.12 pm - decided to close the other half position at +190
done for the week... :D [-o<


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