Potential short with GBP/JPY. Recently price has been trading in a wedge range. The support has been broken, re-tested and looks prime for a short. Before entry I need further confirmation from an EMA(8) and SMA(21) cross-over. My target (1) will be the next area of support at the weekly support 136.500.
Comment:
Awaiting SMA and EMA crossover then a sell order will be placed. Looking like price wants to reach 140.800 before hand.