GBPJPY has broken south of the upwards channel, giving us an even strong signal to the downside.
1. Daily RSI in sell zone
2. Up trend line broken south.
3. Strong bear candle close.
4. Large time frame still bearish.
Look to enter near backside of up trend line. (Past support becomes new resistance)
Entry 1 @ 136.75
Entry 2 @ 137.20
TP 1 @ 133.60
TP 2 @ 135.50
Good luck and let me know if there are any questions.
Charles V
CVFX Management
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