GBPJPY Continuation sell setup

Hi traders:

Most JPY pairs are showing further strength and we can certainly expect further bearish price action to continue.

Price showed us a recent double tops, "M" style pattern, and an ascending channel correction.
These are very good bearish price action to have on the lower time frame.

We then see a strong bearish move on the LTF, and we start to see a continuation correction.

Look for this correction to complete an sell to the previous lows.

Thank you

Komentarz: