ESFX4

GBPJPY POSSIBLE SHORT

Short
FX:GBPJPY   British Pound / Japanese Yen
Gbp/jpy recently rejected 148.000 level putting in a lower high suggesting possible further downside movement after breaking through key 145.000 support level. Will enter trade (short) if price continues to fall or see a downwards bounce (4 hr, confirmation candle showing supports turned resistance) after a slight retracement at shown level. Volume rising at selling pressure and recent MA crossover on daily time frame also good sign. Potential target around 141.500.

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