GBP/JPY: A Face Ripper to the Downside

Short

British Pound / Japanese Yen (FX:GBPJPY)

Updated

FX:GBPJPY British Pound / Japanese Yen

indicator

GBP/JPY tagging .618 fib retracement with bearish divergence in both momentum and money flow on the weekly timeframe. This will be a nice swing down to the highest volume node at 140. CPI for Japan coming out tomorrow could potentially be a catalyst.

Ty Mr. dRends35 for trade idea.

Comment:

Face Ripper to the upside*

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