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JasonGraystone

GBPJPY 5 MIN ASCENDING CHANNEL SHORT

Short
British Pound / Japanese Yen (FX:GBPJPY)  
JasonGraystone  
FX:GBPJPY   British Pound / Japanese Yen
Chart Patterns
15
0
chartpattern
Following a strong bullish run this morning, we have hit a major level of structure and as a result seen recent deceleration as we approach the resistance level.
The market has shown an ascending channel with bearish divergence on the RSI.
Target would be at the start of the channel with stops an atr above the highest high.


Good luck!
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