AndreVanBui
Short

GBPJPY Start of a new downtrend?

FX:GBPJPY   British Pound / Japanese Yen
111 0 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.
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