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TradingDaysFOREX

SELL GBPJPY

Short
British Pound / Japanese Yen (FX:GBPJPY)  
TradingDaysFOREX  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast short
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trendanalysis chartpattern gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast short
The GBPJPY pair is positioned for a long term SHORT and Bearish runs to the downside with an expected support level @ 130.646.

Once the price breaks below the support level @ 130.646 price should run to the downside for @ 125.500.
We will take our entry on the bearish engulfing/confirmation candle @ 135.190 on the daily chart. This will take us to our first target @ 130.646.

Thereafter, we should wait for the breakout to the downside and close below @ 130.646 to continue SHORT/BEARISH to @ 125.500.

Good Luck.
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