GBPJPY | Perspective for the new week

The GBP/JPY pair displayed selling pressure during the later part of last week's trading session to retest the temporary bullish trendline in the 4H timeframe. Is the price going to respect or break down the bullish trendline this week?

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Trade active:

We just witnessed a breakdown of the bullish trendline and a retest of structure (with a reversal pattern on lower time frame) should confirm a selling momentum for the week as the bearish trendline continue to guide our activities. However, if we witness a breakout/retest of the 162.000 Level then we can now be thinking of a reversal momentum.

Good morning

Trade active:

Multiple rejections of 162 level

good afternoon

Trade active:

Price action moving as expected

Good night

Trade closed: target reached:

Good morning

Trade active:

After enjoying a profitable trade, the price is back to our entry zone. Are we anticipating re-entry? I am watching out for reversal patterns around this zone to make a decision

Good evening

Trade active:

We have a bearish signal