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SimoneSiesto
Feb 24, 2017 8:47 AM

Perfect triangle formed on GbpJPy Short

British Pound/Japanese YenFXCM

Description

Perfect triangle formed on GbpJPy has been formed on a daily time frame. Ready to see the pair accelerating on the direction of the break.

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Sterlin is finally giving sign of losing momentum. It has been more resilient than usd and eur, but I expect to see the pair tumbling down to hit our target. It seems it is getting out from the bottom side of triangle and consequently I expect a strong acceleration to hit our target at apprx. 137.

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