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unique4x
May 4, 2015 3:47 AM

Short GBP/JPY Short

British Pound/Japanese YenFXCM

Description

GBP/JPY is looking like it wants to break to the downside. After consolidating for several hours it's forming a wedge of lower highs and higher lows. Odds are it will break to the downside. As to not jump the gun we will be shorting this pair with a break of 181.800, looking for a move of 80 - 120 pips with a stop of 120 - 130 Pips.
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