FX_IDC:GBPJPY   British Pound / Japanese Yen
Hello traders!

GBPJPY will be very interesting to watch for the next two weeks. As you can see a very nice descending triangle is formed waiting to breakout!

I will only trade this setup if it breaks downward.
If it decides to break upwards, I will keep a close eye on it as it could bust an upward breakout and continue trading downwards.

Thoughts?

- Abdulla

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.