Straight after completing ABC correction, GBPJPY entered a triangle and broke the support afterwards.
From this level, you can see a potential 700 pips shorting opportunity towards the bottom of a longer period descending channel.
From this level, you can see a potential 700 pips shorting opportunity towards the bottom of a longer period descending channel.
Trade closed manually:
Seems like GBPJPY is facing a support level of 136, it still has the potential to go further south, but i guess I just take my profit here.