Kaetea_Ng
Short

Trend Continuation - GPYJPY in a descending triangle!

FX:GBPJPY   British Pound / Japanese Yen
Good afternoon Traders,
This is a very simple trend continuation trade.
We see a previous impulse the shows very strong bearish momentum. Price is now consolidating in a descending triangle , which is a hint, that price might continue lower.
A stop sell order below the trendline support is a possible entry.

Also, I've drawn the fib. extension lines and the 0.618 level confluences well with the low on the daily chart if you scroll back.

Happy trading!

Kaetea Ng
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