GBPJPY Trade For Down Side In Falling Wedge.

British Pound / Japanese Yen (OANDA:GBPJPY)

OANDA:GBPJPY British Pound / Japanese Yen

trendanalysis harmonicpatterns chartpattern gbpjpy gbpjpyanalysis pound yen dollar forex forexsignals forextrading technicalanalysis

GBPJPY is trading in a falling wedge pattern. We might see further downside in GBPJPY, which can give good 50 or 60 pips profit for the downside. One can take short trade with a proper risk management system at the current level. If pair consolidates at the current level, it won't be a surprise for the trader as pair consolidated many more times in the past than trading in the pattern.

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Note - Trade With Proper Risk Management System

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