Teuwie1

Bearish Butterfly on $GBPJPY D1

Short
FX:GBPJPY   Livre sterling / Yen japonais
Price has reached its weekly range high and entered a supply zone. Also on the D chart, there has been formed a bearish butterfly pattern.m which will be invalid when 158.388 would break. Safest play would be waiting for a correction, and enter short on a retracement with stops above the previous high.

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