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VasilyTrader
Aug 18, 2021 7:58 AM

GBPJPY: Important Breakout & Bearish Continuation πŸ‡¬πŸ‡§πŸ‡―πŸ‡΅Β Short

GBP/JPYOANDA

Description

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GBPJPY broke and closed below a strong support cluster.
Now the broken area turned into a resistance.

For safe entries, I would prefer to wait for an occasional retest.

151.15 - 151.6 will be the zone from where I will look for shorting opportunities.

Next support - 150.0

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Comments
VasilyTrader
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Are you bearish on GBPJPY?
Forex_Monster
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@VasilyTrader, I am bullish to 154
VasilyTrader
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@Forex_Monster, ooo wow
so we have completely different expectations then
TUCM
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@VasilyTrader, on a higher timeframe it also looks like a big headnshoulders
Helical_Trades
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Thanks it's very helpful! 🦐
VasilyTrader
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@Helical_Trades, thank you
TheTradersAvenue
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Great analysis, awesome!
VasilyTrader
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@TradingAxis, thanks
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