GBPJPY Short

١٧ مايو ٢٠٢٠

Once again, I think the bulls are in the driving seat, I would like to see price retest the previous low before the continuation to the downside. On the higher timeframes, we can see the pair is in a descending wedge with price slowly being squeezed until we see the breakout. Once price reaches my target of 126.900 I will be looking for an opportunity to buy at the rejection of the wedge support, alternatively we will be looking for a sell after a breakout and retest.