SamKent

GBP/JPY GOING WITH THE FLOW OF THE MARKET

Short
FX:GBPJPY   British Pound / Japanese Yen
4
The GBP.JPY is trading below the kumo, is using the kijun sen as resistance, is trading in a descending channel structure with an RSI reading of sub 50. We're looking to trade with this clear market direction, and our desirable entry will be the breakdown of the corrective ascending line. The RSI 50 line should also stem the bulls if this scenario does unfold.