http://prntscr.com/4aslht
analysis for today 8 / 8 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 172.06
Retracement (50%) 172.17
retracement (61,8%) 172.27
Extensions (61.8%) 171.15
Extensions (100.0%) 170.80
Extensions (138.2%) 170.45
Extensions (161.8%) 170.24
calculation based on a Fibonacci retracement then today I choose sell