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faddy

GBPJPY Midweek reversal? If price closes under this zonre

Short
British Pound / Japanese Yen (FX:GBPJPY)  
faddy Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns gj 4h short GBPJPY
3
12
trendanalysis chartpattern gj 4h short gbpjpy
4hr chart on GJ shows a potential double top, with a smaller structure double top on the first leg, price has now broken the support of 168.580, and is currently testing it as a resistance. Smaller time frames show shapes for a sell, so I anticipate a sell on this market. I will wait for the 4hr stick to end so I can make a better decision on the pair. My earlier analysis of GJ is invalid.

Patience
Trade active:
Perfect retest as said, good entry, time to hold a small swing for a few days
Trade active:
Still under resistance. Double top structure been confirmed, will wait till London to see movement
Comment:
I think we still going to sell, market maker wanted some pips back with a massive stop hunt. But we will be patient
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