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Trader856

SELL - POTENTIAL BREAKOUT OF ASCENDING CHANNEL ON GBPJPY

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Trader856  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators Trend Line Break chartanalysis breakouttrading Ascending Channel
11
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trendanalysis chartpattern indicator trendlinebreak chartanalysis breakouttrading ascendingchannel
As we can see, GBPJPY has been bullish for the past week. However, it is apparent price has been following the ascending channel presented, here. Assuming price continues to respect this channel then it would appear to be a very good R:R trade even if the channel was not broken as the chart shows.

*NOT FINANCIAL ADVICE, MERELY AN OPINION*
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