Profitlio_Trading

GBPJPY will make a Correction After a Breakout on this Channel

Short
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY Showed a nice growing channel with a breakout to the upside on the resistance formed. If the price goes for a breakout and manages to fall below the highlighted resistance level then we will see a further decline in the prices for GBPJPY in the H4 timeframe. The confirmation required here is not yet received and well managed short position will generate a decent profit worth 100-150 pips during the swing

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