AlexHillFX

GBP/JPY Short Idea 28/05/2017

Short
FX:GBPJPY   British Pound / Japanese Yen
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2
Major chance of Downward Gap Tasuki pattern.
Would make sense to respect target of 3rd touch of TL. (blue ellipse)
Closed for weekly just shy of 50% Fib. Last 2 candles were doji .

Ma looks to be crossing on Daily period .

Target for downside of 140.000

This is not unlikely due to the close of last week. With the general election in 2 weeks and the recent terror threats in the U.K. the sterling has not been great however saying that the yen has shown major weakness last week.

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