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kingkong_888
Sep 5, 2021 2:27 PM

GBPJPY Week of 6th September 2021 (Before week open) 

British Pound/Japanese YenFXCM

Description

Weekly:

Current on a downtrend and testing the bearish line. Rejection means continuation down to create a lower low.

Daily:

Previous daily was a red candle forming resistance at the bearish trend line. It is likely that we do at least retest the 2 yellow box areas and reject if we want to go up.

4h:

Broke downwards, a retest of the red box will give confirmation to continue down.

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