Hello team break and retest we should expect seller to come into the market
GBPJPY Sell Opportunity SL: 141.230
HELLO TEAM ,A BEARISH SYMMETRICAL TRIANGLE HAS BEEN LOCATED.
GBP / JPY is following the trend, so we can expect it to go to 138 areas, where it should go down from there.
the pound has been doing very good against the yen with breaking new high since start of the year, looking for it to break recent highs and break and retest with a good risk to reward ratio a nice head and shoulders pattern is forming.
Should we see this consolidation area break to the downside we could see a nice short opportunity
Possible "the last kiss breakeout" play. SL depends on price action.
We notice mirroring between the pattern of daily(september 2017- today) and the current 15 min
at the moment the pound yen appears to still be correcting to the following tp areas
where marked, I will be looking at buying into this area to the following tps above
Could see a retracement to the 786 level