#GBPJPY: Bears Breaking To Lows, Shorts To Be Seen! #Forex

FX:GBPJPY   British Pound / Japanese Yen
285 1 9

Downside to be seen after compelling engulfing signal breaking the corrective channel. We hit small wave retracement implying that the bears have acknowledged this level and have began shorting here. Expecting a nice move here with a good risk reward profile.

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See more strength in Yen and with Brexit on the horizon I think we'll see 140 by the end of the 2nd quarter of this year? Nice analysis by the way Tom!
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