GBPJPY DAILY LOOK
The daily chart also suggests a bearish reversal in line with monthly and weekly technical standpoint. We see several reversal candlesticks under the 155.000 and 150.000 monthly key levels. Once again moving averages are bearish and clearly have formed dynamic resistance for the pair. Price has remained in the uptrend however and has formed another channel, testing the lows and creating sell opportunities.
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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.