Description
⋅ Gbpjpy moves in descending channel and price just has reached the upper trendline.
It would be agood idea to short based on boucing from upper trendline and wave structure development.
This pair is in bigger daily flat correction ABc with target for wave C at 135.77 level
Comment
⋅ Comment
⋅ Brekout from channel.
Price still can drop as long as black horizontal line is not broken
Comment
⋅ Comment
⋅ If you in this trade move SL to 144.18 as price might climb much more than previously calculated.
Trade closed: stop reached
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