British Pound / Japanese Yen

Short

Updated

GBP/JPY - Bearish Channel Broke, Retesting Previous Support

Zoom in and you'll see that it's also retesting the neckline of the double top to the downside.

Confirmations for SHORT:
- Bearish Channel broke
- M formation on top
- Retest of previous support, now turned resistance

Note

If you go to the daily timeframe, its forming a head and shoulders with a doji as a head for another confirmation

Also on:

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Also on:

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.