OptimoomFX

GbpJpy can drop 500 pips

Short
OANDA:GBPJPY   British Pound / Japanese Yen
Since the beginning of March, GbpJpy is carving a rounded top.
Now the pair is trading exactly in pattern's support and a break here looks inevitable.
If such a break happens we can consider the formation complete and open sell position.
The target for the pattern is more than 500 pips down so 144 technical support can be in play
Comment: We are very close of breaking support
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