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John_Mwaniki

GBPJPY Analysis: Short on triangle breakout

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
John_Mwaniki  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY gbpjpyshort gbpjpyanalysis gbpjpysignal gbpjpysetup trianglebreak Symmetrical Triangle
4
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trendanalysis chartpattern indicator gbpjpy gbpjpyshort gbpjpyanalysis gbpjpysignal gbpjpysetup trianglebreak symmetricaltriangle
GBPJPY is following a triangle pattern which is narrowing down and coming to an end.
There are high chances of the triangle breaking from the lower side.
I suggest you wait for breakout confirmation and go short for the pair.
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