GBPJPY - Short-term bearish trade

PAIR IN FOCUS: GBPJPY
ACTION: SHORT
HORIZON: SHORT-TERM

Price has broken down of a rising wedge pattern, and may look to retest support/resistance levels. The TPs indicated are nearby support/resistance levels. If price melts through TP 2, we can even look for further short opportunities when price retests the broken support/resistance levels.

Plan your own Stop Loss. A recommended R:R of at least 1:1. Remember to manage your risk.

Feel free to discuss and comment, Cheers!

Free Telegram channel for FX Ideas -- https://t.me/tradermozo