ICFX

Shooting star on GBPJPY daily / Short

FX:GBPJPY   Livre sterling / Yen japonais
We just gota shooting star on GBPJPY daily which pierced right above the daily and weekly (!) trendlines as well as 200 ema on weekly. I expect a potential massive drop down to 144.890. The first tp1 would be 50 daily fib level . Tp2 would be daily 200 ema. Once price breaks through that next target would be 0 fib level. Strengthening of yen as a safe heaven is even more likely if we consider the geopolotical unstability resulting around the current situation in Syria which weakens USD/GBP.

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