shrumpish

GBP/JPY potential short entry

Short
OANDA:GBPJPY   British Pound / Japanese Yen
There has been an ease of movement towards the downside from the parallel ascending channel signaling strong bearish movement in the upcoming week. There is also increase of volume when the price moves downward. Wait for a retracement around the previous swing low for entry. Stop loss if the price closes above the ascending channel.
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