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GBPJPY short position in near term

Short
British Pound / Japanese Yen (FX:GBPJPY)  
trendtrader  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpysell gbpjpyidea gbpjpytrade gbpjpysignal
6
4
trendanalysis chartpattern gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpysell gbpjpyidea gbpjpytrade gbpjpysignal
As can be seen in the chart, GBPJPY is not being able to sustain an upward move, and as soon as it rises, short sellers are rushing in to push the prices down. It is currently testing the current support level of 132.770 for the 4th time, so I expect it to break this support level for a move down to 132.590.
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