GBPJPY Sells to 136.620

Greetings traders,

GBPJPY has been downtrending for quite some time now. For the past few weeks, it has been dropping consistently and it hasn’t showed any signs of stopping until a couple days ago when it retraced. I believe that GJ will reverse from here, form a double top, break the trendline, and continue its downtrend. Target price will be around 136.620. Stops can be placed around the area of 138.467.