UnknownUnicorn15614419

GBPJPY: will return to trend after breakout

Short
FOREXCOM:GBPJPY   British Pound / Japanese Yen
Since December last year, the price has been in a very strong uptrend with virtually no breakdown of trend lines. But last Friday there was a breakdown of the resistance of 145.5, after which the price continued to rise. This is a strong and sharp leap, so it is very likely that this growth will not last long. Moreover, the price resistance level is located nearby (many touches with a large TF), so we should expect that, having touched the level of 146.6, the price will return to the trend and fall to its lower line 144.9.

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