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YC_Analeasys

GBP/JPY

Short
British Pound / Japanese Yen (FX:GBPJPY)  
YC_Analeasys  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Beyond Technical Analysis Chart Patterns pound japan japaneseyen yen short retest downtrend Technical Analysis weekend
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trendanalysis beyondta chartpattern pound japan japaneseyen yen short retest downtrend technicalanalysis weekend
OBSERVATION: Since September 2016 price has been ranging within a wedge. The 1D view is showing that price has closed below the bottom trendline and bounced back up to a resistance zone and closed below it. All EMAs are bearish and the 20 is about to cross over the 50. We could see the start of a downtrend so I will be entering short targeting first 131.650.
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