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Skandhatrade

#GBPJPY approaching Resistance Area , the potential a Drop!

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Skandhatrade  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBPJPY gbpjpyshort Forex forextradingzones
2
0
trendanalysis harmonicpatterns chartpattern gbpjpy gbpjpyshort forex forextradingzones
GPJPY Price is trading the Resistance Area and it is also react the 4HR resistance so it is possible to a drop And the price also touching the 200EMA and pricing pattern candlestick formed in resistance area

Why we like it:
Price Trading in Resistance area
formed pricing pattern candlestick pattern
Attend the 100% fib level
200EMA touching


1st support:
151.346
Next Zone area & horizontal swing Low support

2nd support:
141.938
Zone area & horizontal swing Low support

1st Resistance
153.313 - 153.514
Zone area & horizontal swing high resistance
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