We are looking at a short idea for GBPJPY due to the following:
a) Long term trend line broken with two rejection bars.
b) GBPJPY not able to break through the resistance of 147.385
c) Price action on the last up swing looks weak with a bearish engulfing bear form on 3 August 2017, followed by pinbars on 15 August.
a) Long term trend line broken with two rejection bars.
b) GBPJPY not able to break through the resistance of 147.385
c) Price action on the last up swing looks weak with a bearish engulfing bear form on 3 August 2017, followed by pinbars on 15 August.