FX:GBPJPY British Pound/Japanese Yen
In my opinion we are now facing an ABCD retracement move for this pair. This offers us a great opportunity to short based on candlestick patterns. I have two possible trades in my chart. The first one just trade the break of the previous low until the channel resistance line. On the other hand, the second one is more aggresive, trying to gain from the breakout of the channel. Just watch candles for comfirmation. The main trend in daily and 4H charts is .