GBPJPY Analysis April 5, 2020
Overall on the weekly timeframe we are bearish. But at the moment we formed a bullish engulfing two weeks ago. Last week we closed with a spinning top showing some indecision. On the H4 timeframe we are in a bullish trend. But this does not tell the whole story. We are in a downtrend on the H1 timeframe. If we get a break of the 0% level or a retest again of our red highlighted zone we will look for bearish signals to head lower
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.