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OncleJer
Sep 27, 2016 3:53 PM

GBPJPY potential last push up? 

British Pound/Japanese YenFXCM

Description

It seems like GBPJPY is getting rejected once more at the bottom of the range, forming a bearish corrective triangle. We could see bulls push price up once more around 135.2 levels, which would give us our E point, in confluance with our 4th support.
If we break the triangle to the downside, the pattern is invalidated.
Let's see where this gets us. In such market condition, I would be hunting a short more than a long.
Good luck all

Comment

Trade looking good guys
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