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GBPJPY 4H Projection

Short
British Pound / Japanese Yen (FX:GBPJPY)  
institutional-trader-community  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyforecast gbpjpyprediction gbpjpysell gbpjpyidea gbpjpysignal gbpjpysetup
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trendanalysis chartpattern waveanalysis gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyforecast gbpjpyprediction gbpjpysell gbpjpyidea gbpjpysignal gbpjpysetup
GBPJPY 4H Projection

My view on GBPJPY for 4H.

GBPJPY is falling in a downtrend

Which is a LOT for such a major pair, especially given
That the bulk of the action happened in the last few weeks
So the pair is locally oversold
And I think that those who are in the short trades
Are looking for a level at which to close their positions
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