AndrewFx2020
Short

GBP/JPY ABCD Pattern - JPY to continue to strengthen.

FX:GBPJPY   British Pound / Japanese Yen
Ever since the $DXY             on the 1 hour chart had broken the 200 SMA , I've been trading short JPY. As expected, GBP/JPY             has fallen, and now the expected retrace is happening.

I expect price to rise to 185.00 and then for JPY to continue its march forward.

NOTES:
- JPY strengthening
- USD weakening
- Whole Number (185)
- Approaching 200 SMA
- Previous area of support.

Good luck from the land downunder.
Trade active: PRZ was correct....

For now, I'm selling the low's and patiently waiting for price to retrace before buying again.
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