GBPJPY: Bearish Outlook 🇬🇧🇯🇵

Short

British Pound / Japanese Yen (OANDA:GBPJPY)

OANDA:GBPJPY British Pound / Japanese Yen

Parallel Channel Rectangle Double Top or Bottom GBPJPY pound yen japaneseyen GBP Forex forecast

parallelchannel rectangle doubletoporbottom gbpjpy pound yen japaneseyen gbp forex forecast

snapshot

Hey traders,

GBPJPY is trading within a wide horizontal trading range on 4H.
Reaching its resistance, the price formed a double top formation.
Its neckline breakout confirms a local bearish sentiment.

I expect a bearish move to 161.41

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