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mannyosd

GBP/JPY Short.

Short
British Pound / Japanese Yen (FX:GBPJPY)  
mannyosd Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Support and Resistance Parallel Channel
2
0
trendanalysis supportandresistance parallelchannel
On both the 2H and 4H TF's, GBPJPY has been in a downtrend respecting the levels of the descending channel shown.

Currently, I am looking for short entries, following the trend and following bearish divergences on the RSI.

Price may still break above this level, hence my hesitation.

Drop opinions below.
Order cancelled:
Price has pushed above both levels, invalidating the trade.
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