GBPJPY has printed a weekly bearish engulfer with a cross over of a weekly doji and price rejected from a weekly and monthly resistance line. As price is rejecting from a very important monthly and weekly resistance level, it is highly likely price may continue to drop to weekly support level.
As 4H timeframe showing a strong head and shoulder with rejection below, we may see continuation with strong trend.
Upon price action confirmation, a sell trade is high probable.
As 4H timeframe showing a strong head and shoulder with rejection below, we may see continuation with strong trend.
Upon price action confirmation, a sell trade is high probable.
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FREE TELEGRAM
bit.ly/342slNF
#1Regulated broker Vantage 100% bonus link vantagemarkets.com/open-live-account/?affid=MTAxMjk3
YOUTUBE CHANNEL
bit.ly/3GmqN1E
bit.ly/342slNF
#1Regulated broker Vantage 100% bonus link vantagemarkets.com/open-live-account/?affid=MTAxMjk3
YOUTUBE CHANNEL
bit.ly/3GmqN1E
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.