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I_am_7harry

GBPJPY Bearish Rising Wedge. A nice setup for Short.

Short
British Pound / Japanese Yen (FX:GBPJPY)  
I_am_7harry Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Wedge alexander_nikitin wavetrader tomhall tomprotrader alanmasters excavo GBPJPY DLAVROV
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trendanalysis wedgepattern alexander_nikitin wavetrader tomhall tomprotrader alanmasters excavo gbpjpy dlavrov
ANALYSIS:

GBPJPY is making Bearish Rising Wedge. So when the Breakout of GBPJPY starts. We will take entry. The First target is at 38.2(fibonacci level) which is about 1500 pips.And the Second target is at 61.8(fibonacci level) which is about 2500 pips.So don't miss it.

INDICATORS:

1. RSI
2. MACD
3. Moving average 20, 50,100

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