GBPJPY at confluence of resistance (ADDENDUM)

Short

British Pound / Japanese Yen (OANDA:GBPJPY)

OANDA:GBPJPY British Pound / Japanese Yen

The price at 175-176 is at confluence of a monthly horizontal key level, a weekly channel resistance and a daily rising wedge pattern. A bearish signal at this confluence may see the price through to the formation of a flag pattern with its objective at 135.
Sell @ 175-176
Sl 176.2
Tp1 167
Tp2 160
Tp3 145
Tp4 135
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