Gbpjpysell
GBPJPY Breaking out the WedgeHi Friends, as you can see that GBPJPY is in pressure from last week and now I think I will break the falling wedge If it breaks and close in a BEARISH below the RED ZONE it's a good opportunity for a short here with target of 50.00% Fibo Level.
Good Luck.
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GBPJPY outlook (sell)After 4H structure was broken and we saw perfect retest before next move down confirmed usthat we ready for downtrend continuation on weekly overview (Weekly candle closed bearish engulfing)
GBPJPY is now meeting some major daily support with down trendline at the same time.
If we see break and retest, we will be looking for some excact sell setups and jump on downtrend continuation.
Be careful of huge pullbacks, GBPJPY is very aggressive pair (Also be careful on potential weekend gaps, which might be coming today).
Trade with proper risk management and caution.
GBPJPY Low Risk High Reward ShortGBPJPY is bound to retest the downward channel, as it did when it broke out of the bottom last time. It is also right on the 200 4-HR SMA, which is acting as a tough resistance, as well as the supply zone.
My last short idea did hit my original stop, but I moved my stop up because I think this will be a huge move.
As always, use proper money management