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GBP/JPY: Selling @ market price

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Libra Esterlina/Iene Japonês (FX:GBPJPY)  
SwissPips  
FX:GBPJPY   Libra Esterlina/Iene Japonês
Trend Analysis Chart Patterns GBP jpy GBPJPY short Bearish Patterns SELL pattern
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trendanalysis chartpattern gbp jpy gbpjpy short bearish sell pattern
The pair is consolidating. The structure, at the moment, seems to be a channel.

Had a strong bearish PA on May 27 indicating the sellers are in control. The median line (dashed line) which acted as a support has been tested and broken as well.

Bearish divergence in terms of volume.

Selling @ market and targeting 131.680

*** Trade at your own risk***
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