GBPJPY Short at broken trendline & continuation of the downtrend

Short

British Pound / Japanese Yen (FX:GBPJPY)

Updated

FX:GBPJPY British Pound / Japanese Yen

Chart Patterns Trend Analysis GBPJPY gbpjpyshort

chartpattern trendanalysis gbpjpy gbpjpyshort

GBPJPY has completed correction and broken the ascending channel on 4hr.

Price now retracing to re-test the structure.

Short at the trendline with Stop above yesterday's high and target atleast 130.70

Comment:

snapshot

PA Confirmed on daily with a bearish engulfer yesterday

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