printingmoney
Short

GBPJPY Analysis 1-8-18

FX:GBPJPY   British Pound / Japanese Yen
I'm Looking To SELL GBP/JPY Reasons Below

1. Possible Rising Wedge Continuation Pattern On Weekly Chart
2. Price Is Currently Retraced At The 38.2% Of The Previous Bearish Move On The Weekly (Popular Reversal Area For Trend Continuations)
3. Previous High (153.66 Area) Has Yet To Be Broken (As Of 1/8/18 @ 7:15 PM (est)
4. Possible Bat Formation Forming On Hourly Chart
5. Divergence Forming On H1

Done @ 1/8/18 @7:18 pm (est)
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