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nick203

GBPJPY TRADE OPPORTUNITY

British Pound / Japanese Yen (FX:GBPJPY)  
nick203  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns GBPJPY Falling Wedge gbpjpyshort gbpjpylong gbpjpyanalysis gbpjpy_outlook gbpjpyprediction gbpjpyforecast
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trendanalysis chartpattern gbpjpy fallingwedge gbpjpyshort gbpjpylong gbpjpyanalysis gbpjpy_outlook gbpjpyprediction gbpjpyforecast
Hello everyone, lets take a look a GBPJPY. There is two possible outcomes for this pair. On the short side we have a head and shoulders pattern with a break and close below the neckline. On the long side we have a descending wedge that we could break out of to the upside. Over all the trend is down but it wouldn't be unlikely for us to break the descending wedge and have a larger correction wave to the upside.

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