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TomProTrader
May 13, 2016 11:37 PM

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

British Pound/Japanese YenFXCM

Description

Traders,

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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Regards
Tom
Comments
EvanJones
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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