globalfxkingz

GBPJPY CHANNEL BREAKOUT

Short
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY has been travelling in an descending channel , it had a little fake breakout , but price came back into the channel, retested the inside and has started travelling down.

Price formed an ascending channel on its way up , however it has now broken out to the downside and has come back to retest it , giving us another indication that we should sell.
Comment: HIT SL