GBPJPY - R1 acted as resistance and pair decided to go lower. I won't discount a continued up move. Look at the daily candle bodies in the last 2 sessions. Small bodied and lacking the impulse moves we see in previous red candle moves at resistance.
If it goes lower, the clustering of 15ema, 21ema and 21smma can act as support. A bounce off such support can trigger an impulse move to the upside. Supported by a bullish divergence in the MACD
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If it goes lower, the clustering of 15ema, 21ema and 21smma can act as support. A bounce off such support can trigger an impulse move to the upside. Supported by a bullish divergence in the MACD
.
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