GBPJPY potential down move

19 במרץ 2016

From my other analysis on the GBPUSD and USDJPY pairs, a rational deduction would be an expectation for the GJ to continue downward. So on the chart, we could clearly see the uptrend broken. After that, a consolidation pattern appeared on this TF that gives us a fair amount of confidence of the direction of this pair. Good luck to all who will be involved in this trade next week.