MULTIDIMENSIONALTRADER

GBPJPY - Looking out for market structure shift

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY looks like the market structure is shifting. We have created a new Lower Low, we now need to observe if the price takes out 157.799. If this happens the short idea is negated and the price could go higher. We are still within the ascending wedge( bearish pattern). We need to see a breakout to the downside without taking out 157.799 and a drop below 156.084 and creating a new Lower Low.

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