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GBP/JPY Technical analysis

Short
British Pound / Japanese Yen (FX:GBPJPY)  
traderpulse  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Wave Analysis priceaction Morning Star
5
0
trendanalysis waveanalysis priceaction morningstar
The counter is consolidating in a descending triangle pattern for the short term.
It bounced and tried to break the resistive trendline but its valiant effort was invain.
We expect the bearish strength to continue in the counter and so the descending triangle is set to render a bearish breakout, which can spur fresh sell off.
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