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asadalizz1997

Bearish trending GBPJPY to finally break out of consolidation?

Paun British / Yen Jepun (FX:GBPJPY)  
asadalizz1997  
FX:GBPJPY   Paun British / Yen Jepun
Trend Analysis Chart Patterns Wave Analysis
3
1
trendanalysis chartpattern waveanalysis
Simple bounce or break scenario for GBPJPY but in a long-term bearish market it seems like the consolidation period has been going on for one too many swings. Hence my bias on this market will be mostly bearish to our lower daily zone 170+ pips below but don't be too surprised if market makes another leg upwards. With candlestick price action and conformation we can easily catch pips on this pair.
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