AvryHam

GBPJPY analysis

Short
AvryHam Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
GBPJPY has retested the resistance and showing signs of failure to push further and breaking my resistance as it has formed a bearish engulfing which is indicting that market will go back down in the long run.
Comment:
HOUR 5 is also showing multiple wick rejections on the resistance which is also a strong confluence indicating that market is reversing
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.