continuationpatterns

GBPJPY D1- Continue Rectangle or Bullish Dragon Pattern? Currency Pair: GBP.JPY Time Frame: Daily Predicted Direction: Neutral - Price bounced several times within PCZ Entry: I will open Sell if the price will make breakdown of @138.74 (SL = @141.41, TP = @130.59) I will open Buy if the price will make breakout of @141.41 (SL = @138.74, TP = ...

Bearish pennant formed indicating a continuation of the downtrend. This market is coming up to an area of resistance which should trigger some movement to the downside and make a new low. NFP later this week so hopefully out before that.