After a successful trade up to my first TP, we can see it testing this level now. This test coupled with a divergence at the same level resistance level signifies a potential trend reversal.
Note
if you look at Daily and higher GBPJPY seems to be in a downtrend so I will be watching levels 131.759 which is deliberately chosen below 132 because if it breaks that then it signals to me we're back into that bearish trend.
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.
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.