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GBPJPY Short: Shooting Star, Ascending Channel Break, 0.5 Fib Re

Short
British Pound / Japanese Yen (FX:GBPJPY)  
sanasaeed  
FX:GBPJPY   British Pound / Japanese Yen
Fibonacci Candlestick Analysis Parallel Channel GBPJPY gbpjpyshort gbpjpyanalysis gbpjpysignal gbpjpyidea
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fibonacci candlestick parallelchannel gbpjpy gbpjpyshort gbpjpyanalysis gbpjpysignal gbpjpyidea
Trend: Overall Bearish Trend
Candle Sticks: Shooting star at the recent LH.
Resistance: 4h Resistance Level
Parallel Ascending Channel: Break
Fib Retracement: The current price is at 0.5 of the previous bearish rally.
Reasoning: 0.5 Fib retracement, channel breakout, and shooting star indicate that price will likely go down from here.
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