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GBPJPY Up Move Rejected - Consolidation Channel Entered. SELL

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İngiliz Sterlini / Japon Yeni (FX:GBPJPY)  
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FX:GBPJPY   İngiliz Sterlini / Japon Yeni
Trend Analysis Chart Patterns GBPJPY gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpysell gbpjpyidea gbpjpytrade gbpjpysignal
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trendanalysis chartpattern gbpjpy gbpjpyshort gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpysell gbpjpyidea gbpjpytrade gbpjpysignal
GBPJPY showed a sudden, strong upward move some hours back, but the upward move seems to have lost strength around the current levels of 132.950, which is a strong resistance level for the 1H chart. I see this pair now entering a consolidation channel, hovering between 132.950 and 132.750 levels. I would go short on this pair for the near term, placing a take profit level around the 132.750 levels and wait for a clear trend to show.
Feragatname

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