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RedStaR

GBP/JPY: Bearish Butterfly

Short
British Pound / Japanese Yen (FX:GBPJPY)  
RedStaR  
FX:GBPJPY   British Pound / Japanese Yen
0
1
The English pound and Japanese yen has just completed a bearish butterfly pattern.

Target to take profit is the 38.2% level confluent with the uptrend support line.

ENTRY: 159.000
EXIT: 156.200
STOP LOSS: 159.700

Reward:Risk = 4:1
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