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Mncotshe

GBPJPY potential short

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
Mncotshe Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Support and Resistance Chart Patterns Technical Indicators Technical Analysis rectanglebreak
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supportandresistance chartpattern indicator technicalanalysis rectanglebreak
Pound has hit previous structure resistance and stalled. Formed a consolidation rectangle.

Looking at it to break consolidation and reverse Bearish. There is Japanese economic news coming up which may provide the necessary momentum to break consolidation.
Trade closed: stop reached

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