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GBPJPY | Bearish Taking Control

British Pound / Japanese Yen (OANDA:GBPJPY)  
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OANDA:GBPJPY   British Pound / Japanese Yen
Chart Patterns Harmonic Patterns Trend Analysis GBPJPY gbpjpyshort gbpjpylong
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chartpattern harmonicpatterns trendanalysis gbpjpy gbpjpyshort gbpjpylong
GBPJPY has been trading in a bullish parallel channel. Currently price is trading at the top of the channel where indicator suggesting bearish divergence. We expect the price will fall from here to atleast 154.500 area.

Alternatively, the bulls are watching this and might break the channel top. If they manages to break above it then we have a bullish stance.

Trade your levels accordingly.
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