piphunters

GBPJPY Sell Opportunity

Short
piphunters Updated   
FX:GBPJPY   British Pound / Japanese Yen
The pair is going down as we have predicted in the earlier charts, it has currently broken down from the current corrective channel and is expected to continue to the downside, however one can expect a bit of correction to continue more to the sideways before the fall or fall may continue, either way it is once again a short opportunity right now. RR ratio is looking good for this setup.
Comment:
around 200 pips down since the idea, definitely time to take profits and wait for the next entry setup to form
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