OANDA:GBPJPY   British Pound / Japanese Yen
PRICE HAS BEEN IN AN UPTREND BUT IT MIGHT BE REVERSING SOON. PRICE BROKE STRUCTURE, IT BROKE THE PREVIOUS HL. PRICE REJECTED FROM 135.750 QP, AND HAS BEEN MAKING LH'S AND RECENTLY MADE A LL (POSSIBLY CAN BE A LL). BASED ON THE DXY IF THE DOLLAR GETS STRONGER THEN GU WILL TANK AND SO WILL GBPJPY. I PLACED A TREND LINE ON PRICE I WILL SEE IF PRICE RESPECTS IT. ALSO AFTER PRICE MADE THAT LL AND RETRACED IT DIDN'T BREAK THE MOST RECENT HIGH IT MADE AND STARTED SELLING OFF BEFORE THE MARKET CLOSED. SO THERES A POTENTIAL THAT PRICE COULD BE IN A NEW BEARISH TREND.

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