YaroslavBirchenko

Counter trend break and retest

Short
FX:GBPJPY   British Pound / Japanese Yen
Pound weakness needs to be capitalized on. The political uncertainty around Brexit is at an all time high and the pound is showing weakness despite strong employment and CPI data sets.

Technically the currency pair is exhibiting strong bearish signals. On the daily timeframe price has dropped below the 50EMA and 200EMA signaling a high probability of a continuation after the retest of the broken trendline. For more information please visit my youtube video.

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