lobfxempire

The Beast Is Consolidating Continued... [Bearish Scenario]

Short
FX:GBPJPY   Livre sterling / Yen japonais
Here is my bearish sentiments on GJ, its a continuation from my last idea. Marked on the chart is a Sellstop entry @137.75. Following a breach of that level is a possible shift downwards toward 137.27. I've marked that level as Target 1. A breakout to the upside of Trendline 1 will invalidate this trade.

Target 1:137.270

Target 2:136.470

I've been working to simplify my game, does this analysis seem difficult to read or understand??

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