GBPJPY
On the 4H chart, you can see the following:
- There is an ascending trendline and the pair has reached an area of resistance and impulsed to the downside.
- RSI on the 4H and daily chart is indicating that the pair is losing strength.
- I would like to see a breakthrough of the ascending trendline, then a retest and rejection of the aforementioned trendline followed by an impulse to the downside towards the areas of support.
Please like, comment or follow if you enjoyed my analysis. Thanks
- There is an ascending trendline and the pair has reached an area of resistance and impulsed to the downside.
- RSI on the 4H and daily chart is indicating that the pair is losing strength.
- I would like to see a breakthrough of the ascending trendline, then a retest and rejection of the aforementioned trendline followed by an impulse to the downside towards the areas of support.
Please like, comment or follow if you enjoyed my analysis. Thanks
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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.