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MarcellusLUX

GBP/JPY at the channel top, sell idea!

Short
British Pound / Japanese Yen (FX:GBPJPY)  
MarcellusLUX  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpysell
31
6
trendanalysis chartpattern beyondta gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpysell
GBP/JPY is struggling to break the channel resistance. Multiple rejection candles
have formed in the channel resistance area.

So, there is a likelihood of a drop in GBP/JPY.

A sell entry@154.20-154.70 with SL above 155 and TP at 150.30
could be a possible sell signal if the bearish price action gets stronger.

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