GBPJPY Price Action Breakdown
GJ has broken from a range and is slowly approaching the Daily level of resistance. There could be a strong possibility that price will reject this level and retrace. Or if price begins to pullback and form support, it can build momentum to break through and create a higher high.
1. Price has tested this level of resistance 5 times and rejected from this level.
2. Price has currently broken from structure and moving bullish to test the level of resistance
3. Possibility that price can reject this level and cause price to retest the bottom of the range
1. Price has tested this level of resistance 5 times and rejected from this level.
2. Price has currently broken from structure and moving bullish to test the level of resistance
3. Possibility that price can reject this level and cause price to retest the bottom of the range
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