GBPJPY: My Trading Plan to Short 🇬🇧🇯🇵

Short

British Pound / Japanese Yen (OANDA:GBPJPY)

Updated

OANDA:GBPJPY British Pound / Japanese Yen

Trend Analysis Wave Analysis Double Top or Bottom Forex trading GBP jpy yen japaneseyen

trendanalysis waveanalysis doubletoporbottom forex trading gbp jpy yen japaneseyen

snapshot

GBPJPY reached a strong intraday structure resistance.
On that, a double top with a lower high is formed.

To short, I am waiting for the underlined yellow neckline breakout (1H candle close below).

Targets will be:
152.5
151.57

In case of a bullish breakout of a red zone, the setup will be invalid.

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Comment:

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