GenesisCTY
Short

GBPJPY: Double Top + Bearish Engulfing Combo!

FX:GBPJPY   British Pound / Japanese Yen
After last week's surprise drop in the GBPJPY             for me, a new opportunity has opened up!

A double top has formed right about here! and the Weekly candle the previous week has closed, creating what seems to be a large Bearish Engulfing Pattern covering the previous 3 weeks!

Weekly Chart:
snapshot

Furthermore, price on the Daily has rebounded off a major resistance, which would probably point towards a trend continuation.

Wait for the retest guys! Dont touch it till it does!

Good luck guys! May the pips be with you!
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