GBP/JPY falling as expected

Two days back I had advised (GBP/JPY keep selling unless trendline hurdle is breached) selling GBP/JPY so long as the bears are able to defend the falling trend line resistance. The trategy seems to be working fine

Daily Chart

GBPJPY D1 (04-01-2016 1542).png

Pair’s failure to take out falling trend line followed by a break below 160.00 indicates the pair is heading to rising trend line support at 159.52 levels.

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