British Pound / Japanese Yen
Short
Updated

GBPJPY Monthly short

163
Hi friends,
GBPJPY has broken down the upside channel, with high probability to continue down to 127 aprox....
We can short at 146.30 aprox
Stop loss above the swing high at 158.50
Take Profit 127

This is a monthly trade, we can also look for retracements at Daily and H4 timeframes to short the trend...

Good trading!
Xavi.
Note
Nice prespective also in weekly chart :)
snapshot

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