TheRavensForex

GBPJPY Sell setup

Short
FX:GBPJPY   British Pound / Japanese Yen
JXY recently fell to the major trendline support and will potentially bounce back, we can see the corresponding XXXJPY pairs will be falling very soon.
We got scenario 1 which is waiting for the downtrend to break the line; scenario 2 will another chance to form the Double Top formation, it could be a stronger impulsive down later on.
Comment:

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