the_sun_trader

will gbpjpy go down drastically?

Short
FX:GBPJPY   British Pound / Japanese Yen
will gbpjpy go down drastically?

as we know that gbpjpy has gone up significantly and many traders have started hunting to find short positions, I see an interesting opportunity even though I don't look to the left further on this but there has been a support break and the formation of a supply area on the h4 timeframe provides an opportunity for a decline significant, and if there is a coch formation on a larger timeframe such as the daily then you can hold the current short position because it has the potential to experience a further decline

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