GBP/JPY Bearish Retracement in Larger Daily Uptrend

Hi Traders,

today’s analysis is focused on the GBP/JPY and its perspective for the rest of the 2017 trading year. The GBP/JPY seems to offer an interesting break, pullback, and continuation pattern on the daily chart.

Nenad also completed his analysis yesterday on the GBP/JPY but on the 1 hour chart rather than a daily time frame. FYI his analysis neatly anticipated the 100+ pip bearish breakout and we hope you managed to squeeze some pips from this move.

Check out this article to see a clear top-down approach of the GJ monthly, weekly and daily time frames.

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Source:: GBP/JPY Bearish Retracement in Larger Daily Uptrend

About the Author
Elite CurrenSea (ECS), founded by Chris Svorcik & Nenad Kerkez, is an award-winning Forex, CFD & Cryptocurrency trading solution provider. [space height="20"] Nenad & Chris offer market analysis, free education and proprietary trading systems. Their combined trading experience of over 30 years helps them to navigate the markets applying their favourite Wave Analysis Theory (Chris Svorcik) and Camarilla Trading Method (Nenad Kerkez). [space height="20"] You can learn more about the service provider through their website HERE

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