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anshuman_05

gbp/jpy sell

Short
British Pound / Japanese Yen (FX:GBPJPY)  
anshuman_05 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns GBPJPY gbpjpyshort Forex forexsignals forexmarket eurusdprediction GBPUSD pound yenpairs
2
0
trendanalysis chartpattern gbpjpy gbpjpyshort forex forexsignals forexmarket eurusdprediction gbpusd pound yenpairs
gbpjpy has broken down from the head and shoulder reversal pattern and is now heading lower. Yen has been strengthening overall and it is interesting to see that even the USDJPY pair has been struggling. There is some risk off in the financial markets as a whole and that seems to help yen. The target is the depth of the pattern and is marked on the chart. There can be a partial entry at the current price and then some more when the neckline is re-tested if at all.
Trade active:
up 40 pips from the entry
Comment:
text book re-test and fall in the pair. Always a great place to enter the trade, just have to be patient.
snapshot
Comment:
Target almost hit. Time to take profits.
snapshot
Trade closed: target reached
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