GBPJPY Potential Short Signal

FX:GBPJPY   British Pound/Japanese Yen
GBPJPY             has been in a decent down trend, consistently making lower lows and lower highs. For this reason we are only interested in playing this pair on the short side because we only like to take high probable trading set ups that provide us with the best odds for success. Trading WITH the trend provides just that, we cannot stress this enough. With that being said, we will be looking to see price action break below this short-term up trend with confluence of a move to the downside from our price action forecasting algorithm with a chance performance prediction of 85% or higher. The 152             .000 level may give downside movement some issues so it may be a potential profit taking target if we see price action getting caught up down there.

Currently our algorithm is forecasting some consolidation and a bit a move to the upside with a chance performance prediction of 85%, however this will update every hour on the hour so we will be monitoring the updates and price action to see if we get the signal to go short. See the image linked below for a picture of the latest forecast from our algorithm:

If you want to receive accurate forex signals like this one check out http://www.Unique4xPro.com and get one FREE month of our algorithmic signals!
Also follow us on all of our social media:
Twitter @ Unique4xPro
Snapchat @ Unique4xPro
Instagram @ Unique4xPro
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out