lobfxempire

GBPJPY: Analysis

lobfxempire Updated   
FX:GBPJPY   British Pound / Japanese Yen
Whats up traders,

One of two things will happen, one being price will reach the bottom of my box, and rise again, continuing consolidation. Two price will fall below the red box and keep falling into the blue box.

Let me know what you think is about to happen next!
Comment:
Price did exactly what I said, its respecting the bottom of the box, but I see more bearish movement. Price hasn't yet hit my actual t/p which is at 134.000, lets see what unfolds!
Comment:
one more thing, price could honestly respect the support of the box and rise again just to retrace a little, but overall I think SHORT
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