GBPJPY Outlook

An overview of what I see on the Pound / Yen chart. Having a bearish bias since it broke the 1H trendline. Since I trade trendline breakouts, hoping to see a break of trendline to the downside on the H4 / 1D timeframe. Will keep updating this chart.

Thank you for watching!

Kommentera:

Quick update. The pair made a gap on Monday open after last week's close below the trendline.

For entry, I would like to see either a retest of the trendline it broke last week or a break to the bigger trendline below.