imee_noni

ABCD Pattern Completion

Long
FX:GBPJPY   British Pound / Japanese Yen
1
There is a huge selling pressure on GBPJPY ,
no doubt the market likely to continue its selling pressure.
ABCD pattern completes here and retracement is expected for bullish or Long positions.
Please see RSI , STOTCH.
I think traders may go long for 38% and 61% targets for retracement.