GBPJPY (potentially) heading back to the 154.600 area.
1. Ranging market (bearish momentum).
2. Market is testing a horizontal resistance level around the 155.250 area.
3. Market is testing a Supply zone that was not tested before.
4. Price action illustrating the rejection of higher prices.
5. Increase in Volume -> Extensive selling.
2. Market is testing a horizontal resistance level around the 155.250 area.
3. Market is testing a Supply zone that was not tested before.
4. Price action illustrating the rejection of higher prices.
5. Increase in Volume -> Extensive selling.
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.