GBP/JPY Break Descending Trendline.


There we have a GBP/JPY pair in the H4 Timeframe. We can see that price break descending trendline to the downside. Price failed to stay above the weekly support zone.

The second support is 140.350, then 139.490. 

Any positions need to wait for a descending trendline retest with strong price action.