GBP/JPY reversed from descending trendline , fall likely Short

British Pound/Japanese YenFXCM

Description

⋅ Jun 13, 2021 1:16 PM

GBP/JPY couldn't break the descending trendline resistance and currently,
price is on it's way to the 154 level.

Sellers who sold at the resistance, can continue to hold their sells and target
the 154 level as initial TP.

Fresh sells can also be executed if price reaches the 155 level once again.

Comments

adeel200020

⋅ Jun 13, 2021 3:47 PM

My target is also 154 but I think this is bull flag.

Do you agree?

MarcellusLUX

⋅ Jun 13, 2021 5:39 PM

@adeel200020, You could be right :)

SoulDavies

⋅ Jun 13, 2021 2:28 PM

Blessed

PEAKBUL_FX

⋅ Jun 13, 2021 1:32 PM

We have to wait for the price. Your signal quality is very high. 100% success rate last week. You are the master of forex trading. Thanks for sharing your great analysis. Look forward to short this pair.

Sjcrls1032

⋅ Jun 13, 2021 5:29 PM

Can open sell at market open ?

MarcellusLUX

⋅ Jun 13, 2021 5:39 PM

@Sjcrls1032, Yeah if the price is closer to 155, then better :)

Alijohri

⋅ Jun 13, 2021 5:16 PM

Nice chart work bro

TomasRadek

⋅ Jun 13, 2021 1:52 PM

Perfect analysis

moredays10

⋅ Jun 13, 2021 1:23 PM

ride on sir 👏

jojofang0901

⋅ Jun 14, 2021 3:32 AM

seeing a similar bearish move also :) thx