CyberFxTrader

GBPJPY rising wedge — short idea.

Short
FX:GBPJPY   British Pound / Japanese Yen
Looks like GBPJPY are showing signs for bearish momentum in the market. The pattern is called rising wedge pattern.
Might just place a sell position with 10 pip sl above 160.466 and see how it goes.
Over a 100 pip potential if the price decides to get pulled back to support area.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.