GBP/JPY Intraday Bearish
Updated
Morning Traders!
Last friday price bounced from a D1 resistance level causing a good bearish movement. Tonigh the price has been accumulated doing what looks like a continuation triangle.
I expect the price to break the accumulation to the downside and reach the next resistance level at 151.500, which is also the 50% fibonacci level of the last bullish impulse.
I will be looking for sells on a M15 TF.
Good Trading Traders!
Last friday price bounced from a D1 resistance level causing a good bearish movement. Tonigh the price has been accumulated doing what looks like a continuation triangle.
I expect the price to break the accumulation to the downside and reach the next resistance level at 151.500, which is also the 50% fibonacci level of the last bullish impulse.
I will be looking for sells on a M15 TF.
Good Trading Traders!
Trade closed: target reached
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