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FXAristocrat

GBPJPY (potentially) heading back to the 154.600 area.

Short
British Pound / Japanese Yen (FX:GBPJPY)  
FXAristocrat  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Technical Indicators Supply and Demand GBP jpy GBPJPY
6
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trendanalysis indicator supplyanddemand gbp jpy gbpjpy
1. Ranging market (bearish momentum).
2. Market is testing a horizontal resistance level around the 155.250 area.
3. Market is testing a Supply zone that was not tested before.
4. Price action illustrating the rejection of higher prices.
5. Increase in Volume -> Extensive selling.
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