AndreVanBui

GBPJPY Start of a new downtrend?

Short
FX:GBPJPY   British Pound / Japanese Yen
3
Hello chaps. This pair has rapidly fallen like a gravestone towards southern locations. I would like to jump this train to hell if the setup is right. For the time beeing we have seen a lot of bearish pressure and som correction could be coming soon.

I would like to see the level 163.985 cleared and the 200 SMA to be broken in order to add risk to this particular case.

I have the same though for USDJPY if it brakes the monthly support. And for the CADJPY which I'm in.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.