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chessnut

GBPJPY out of bearish triangle and heading down on the daily.

Long
British Pound / Japanese Yen (FX:GBPJPY)  
chessnut  
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY
4
4
gbpjpy
GBPJPY is no longer behaving impulsively to the upside, and it looks like a wave C down at least is necessary before further upside can be made from an EW perspective. I am bearish under 173.4.

USD may have a tough time this week as gas contracts will likely be signed in china denominated in Ruble/Yuan.
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