So, big sell off of GBP. There are loads of retracement levels for GBP crosses. I am taking GBPJPY to show potential reaction zone.
M30 – Around 143.90 zone. A retest of previous support turned resistance, with confluence of supply line, and the base of sell off. This zone should provide some reactions.
![M30](https://tradergav.com/wp-content/Photos/2013/02/GBPJPY-M30-20-Feb-2013-1024x579.png)
M5- Detailed look into price action. Expect compression or pattern such as triple tap into reaction zone.
![M5](https://tradergav.com/wp-content/Photos/2013/02/GBPJPY-M5-20-Feb-2013-1024x613.png)
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