CKFX
Short

GBPJPY Short Technical Opportunity

FX_IDC:GBPJPY   POUND STERLING / YEN
Technical analysis:
•50 EMA rejection
•200 EMA rejection
•61.8% retracement rejection
•Rejection of Key Horizontal Support/Resistance line @ 185.000
•Down-trending Market
•Deceleration present
•Tweezer Tops candle pattern
•GBP/USD and SPX500             are both showing bearish momentum
(weakness in the SPX500             often means strength in the Yen as a safe haven)

Negative Factors:
•Price action has made a higher high and a higher low recently, but this
can be seen as a pullback to create value.

Other Notable Factors:
•Note that the 50 EMA and 200 EMA are about to cross, which would
support a move lower
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