GBPJPY will be very interesting to watch for the next two weeks. As you can see a very nice descending triangle is formed waiting to breakout!
I will only trade this setup if it breaks downward. If it decides to break upwards, I will keep a close eye on it as it could bust an upward breakout and continue trading downwards.
@KhalilSaw, Great! Hope your enjoying all the profits :D
arrowminds
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Its clearly down but I will wait to buy @61.8 retracement level around 132 for long entries. The pair is in uptrend with correction currently in progress technically and fundamentally both.