Through my technical analysis I believe that the GBP/JPY pair will have a short term drop to retest an area of high confluence before continuing in a bullish trend . What do you think?
Note
Initially we did get the bullish movement before hitting a historic area of resistance where price reversed and dropped to test again our support area. We could be seeing a change in the short term bullish trend and instead be a continuation of the longer term bearish one.
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.
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.