Great opportunity to short the GBPJPY
daily candles are starting to appear on the chart. Our signal to sell is this breakout of a pennant
to the downside and the rejection from the trend line
on the daily chart
The upside seems to be capped with a dogi daily candle on the daily chart
just under the trend line
. We expect heavy selling pressure due to continuous pessimism about the UK - EU trade deals.
Good luck and trade safe.