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BennyManieri
May 2, 2016 12:24 PM

Manieri's eyeballs on Pound/Yen for bearish swing Short

British Pound/Japanese YenFXCM

Description

GBPJPY has been somewhat elusive to me in the past week. No doubt we're in a downtrend, but I just can't seem to capture it at the right moments. Now I think we are set up for a short entry on the pair, in classic trend continuation fashion. Let's see if this one slips past me or if I get filled. Sure looks like a great R/R profile, but I'm waiting for some kind of extra confirmation this round; namely RSI to go overbought.
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