GBPJPY going lower?

Why it is going lower?

• The pair confined within the ascending triangle.
  

• Ascending triangle can breakout either higher or lower and for this pair it is expected to break lower.
  

• Yesterday’s price action shown that price penetrated the support of the triangle with key reversal.
  

• A combination of Friday’s inside day bar and yesterday’s key reversal give a bearish picture.
  

• Already short the pair at 144.87.
  

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Trade fermée: cible de profit atteinte:

First target reached. Stand aside for now.