GBPJPY | Bunch of Breakouts

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Initiate Short.

Entry - 141.778
TP1 - 140.565
TP2 - 139.351
SL - 142.170

Reason: The price broken Ascending Triangle, Ichi Cloud support and Strong Horizontal support zone. Currently the price is rejected by local resistance and we can bet on the downward movement will continue.

Previously in my idea on this pair I did not notice the price formed a double top, which is not a good signal at all.

Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advise.