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GBP/JPY - SHORT Price is converging

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
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OANDA:GBPJPY   British Pound / Japanese Yen
Support and Resistance Trend Lines GBPJPY gbpjpyshort
11
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supportandresistance trendline gbpjpy gbpjpyshort
It becomes apparent to me that the GBP/JPY runs out of steam. There have been multiple attempts to fend off potential short sellers but my guess is that it is just a matter of time before we will see moves towards the downside.

Based on that I will be opening a low risk GBP/JPY short trade.

Good luck.

Alysson x
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