GBPJPY: Bearish Outlook Explained 🇬🇧🇯🇵

Short

British Pound / Japanese Yen (OANDA:GBPJPY)

OANDA:GBPJPY British Pound / Japanese Yen

Double Top or Bottom Wedge Multiple Time Frame Analysis priceaction priceactionanalysis GBPJPY GBP yen japaneseyen Forex

doubletoporbottom wedgepattern mtfa priceaction priceactionanalysis gbpjpy gbp yen japaneseyen forex

snapshot

GBPJPY reached a key level.
We see a strong rejection from the underlined yellow area on 4H:
the price broke a support line of a rising wedge pattern and formed a double top on 1H time frame.

I expect a bearish move to 160.9 / 160.5

❤️Please, support my work with like, thank you!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

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.