GBPJPY Trend Line Breakout
As it is shown in the 4H time frame, GJ is moving in an uptrend and had a significant rise for a while.
In the higher time frame (Daily), the past two days candles have been closed below each other and there was a strong downside rejection from bears.
Currently, we can see a downside breakout on the ascending trend line and if the current 4H candle closed below the trend line, we can expect more drop on GJ towards the green levels around 169.00 and 167.920
In the higher time frame (Daily), the past two days candles have been closed below each other and there was a strong downside rejection from bears.
Currently, we can see a downside breakout on the ascending trend line and if the current 4H candle closed below the trend line, we can expect more drop on GJ towards the green levels around 169.00 and 167.920
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