Touch 1st target @161.300, further north,or back south to short?

FX:GBPJPY   British Pound / Japanese Yen
67 2 3
Good bounce back from short this early open day, already touch 1st target @161.300
Waiting more confirmation either further north,or back south to short?.
Cheers mate.
Based on the double top just above 162, I would say down. There is also some upward resistance at the current price. Any break above the double top indicates bullish movement. RSI on the 4hour is close to crossing below 50. There is also divergence on the MACD pointing downward. We could also be forming a wedge though so I will wait and see. Good Luck!
johnzoe bruzzese1
Indeed, RSI 60 just touch 50 and moving down. Thx bro.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out