$GBPJPY Bearish way will be deep

FX:GBPJPY   British Pound / Japanese Yen
188 5 7
GBPJPY The bearish mode will be more than expected. if $158.00 Can´t HOLD

Weekly: MajorBearish trend
Daily:Finishing UpTrend
Intraday: Start DownSide trend
We can apreciate how the price was #rejected the two previous days by the 160.75$ level. at #MONTHLY R1 in Confluence with 261.8% Ext ( Bt             C) The candle pattern expose Bearish too AFTER an indecision Day (Daily spinning top ) and start of the creation of a possible Evening star increase the high probability of continue reversion to downside and change this small Corrective uptrend.
#UPDATE 25/05/2016
I add some green up channel.
we can apreciate how 158.00 hold with precission.
NIce chart and analysis. Thank you.
VICTORANDRESAMU haikalwafiqhii
thanks to you, i apreciate your attention and comments. we can see some demand soon. at Green box.
Green box can provide some confidence to bulls, take a look at YELLOW TREND too.
+1 Reply
haikalwafiqhii VICTORANDRESAMU
Looking to sell high.. Thank you for the update.. Maybe can long then short hahaa
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