http://prntscr.com/52nftx
analysis for today 11 / 3 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 176.67
Retracement (50%) 177.27
retracement (61,8%) 177.87
Extensions (61.8%) 171.55
Extensions (100.0%) 169.59
Extensions (138.2%) 167.63
Extensions (161.8%) 166.43
calculation based on a Fibonacci retracement then today I choose sell