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DNiceChampion

GBPJPY Weekly Outlook

Short
British Pound / Japanese Yen (FX:GBPJPY)  
DNiceChampion  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns GBPJPY gbpjpyshort gbpjpyprediction gbpjpyanalysis gbpjpy_outlook gbpjpyforecast
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trendanalysis chartpattern gbpjpy gbpjpyshort gbpjpyprediction gbpjpyanalysis gbpjpy_outlook gbpjpyforecast
GBPJPY is in an obvious downtrend on the 4H timeframe. Price has pushed and now we just wait for the pullback for an entry with confluence.
3 possible trading opportunities:
-Short entry when price fails to make a higher high
-Short entry at the retest of the previous LL that was broken
-Short entry when the most recent LL was broken and retested
-Long entry when a higher high is made and it retests

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