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khansalarehsan

A great opportunity for Shorting GBPJPY

Short
British Pound / Japanese Yen (FX_IDC:GBPJPY)  
khansalarehsan  
FX_IDC:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns
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trendanalysis harmonicpatterns chartpattern
Weighted average Yen has reached to a very strong support as you can see here
snapshot

Also as you know we are bearish on Sterling. See the wedge formation below. After vising the upper band of the wedge it is heading down. You can guess the target for Sterling! Yep the lower band of the wedge formation.

snapshot

If sterling heading lower and YEN is about to bounce then GBPJPY is a good Short trade.

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