GBPJPY Analysis March 6, 2022
On the weekly timeframe as expected we can see a large drop off from the weekly resistance level. At this point we can expect a retest of the 154.000 level before price continues to drop lower to the 150.000 level.
On the h4 timeframe we can see that price is lining up to continue to the downside here. I would not take any short opportunities until we retest the 154.500 area.
On the h4 timeframe we can see that price is lining up to continue to the downside here. I would not take any short opportunities until we retest the 154.500 area.
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