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Alexander_Amon

We have met resistance on GJ, fall pending

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
Alexander_Amon Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyprediction
5
0
trendanalysis chartpattern gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyprediction
Recently broke out of the channel and pushed up hard with GBP fundamentals and ongoing JPY weakness. Price met resistance, there isn't much room to go further. The weekly trendline is around 143 and the H4 trendlines showing that we received our ceiling. I am selling now to around 141.8 but suggest you wait for a inverted hammer candle stick pattern on H4.
Comment:
It is on its way but there is a possibility that it goes up more to the daily trendline before it falls again
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