GJs BULLISH MOMENTUM MAY HAVE DIED... for FX:GBPJPY by lobfxempire

trendline candlestick movingaverage gbpjpy gj gjshort 30min gbpjpyshort gbpjpyanalysis

GJs price has been moving quickly into Bearish territory. We had a recent close over 2 MAs followed by a bearish moving average crossover. As an added confluence, price is currently testing a 1HR box region. This zone stands as an important level because, price rejected & reversed during its last encounter. A close below would signal a Bearish sentiment. Target area would be towards the bottom of the Trend channel. If price fails to close below the zone, i'm expecting a retrace towards $137.100.

Comment your thoughts on GJ below!

All Likes & Comments are Appreciated

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.