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NDOBObanks

GBPJPY Descending Channel Fake Breakout

Short
British Pound / Japanese Yen (SAXO:GBPJPY)  
NDOBObanks Updated   
SAXO:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns gbpyjpysell gbpjpyanalysis gbpjpyshort gbpjpyforecast gbpjpyprediction gbpjpy_outlook falsebreakout false_breakout falsebreak
4
0
trendanalysis chartpattern gbpyjpysell gbpjpyanalysis gbpjpyshort gbpjpyforecast gbpjpyprediction gbpjpy_outlook falsebreakout false_breakout falsebreak
We expect further downside on this pair, signalled by the false breakout of the descending channel pattern. We can also see the testing and closing below of price the key level which further supports our directional basis.
Trade closed: stop reached:
On to the next setup
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