TradingView
pulse
Jan 17, 2017 3:13 PM

Trapped Bulls on GBPJPY? H4 17-01-2017 Short

British Pound/Japanese YenFXCM

Description

GBPJPY on 4H is trending down nicely within a channel after a head and shoulder formation. Today's largest rally after June 2016 came after Theresa May's speech on exiting EU single market.

Unless we see a break above the minor resistance of 141.54, my outlook for the short term is downward trend.
More