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GBPJPY Bearish Pattern Formation.

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Fx_Trader_ViSa  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBPJPY gbpjpyanalysis pound euro dollar Forex forexanalysis forexsignal forextrading
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trendanalysis harmonicpatterns chartpattern gbpjpy gbpjpyanalysis pound euro dollar forex forexanalysis forexsignal forextrading
GBPJPY is Forming the bearish pattern at the top after giving a good upside movement. Descending the Triangle pattern indicates that we might see a downside in GBPJPY towards the support level, as shown in the chart. According to chart pattern analysis, one can initiate a short trade at the resistance line of the descending triangle pattern with proper risk management and stop loss.

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