FOREXCOM:GBPJPY   British Pound / Japanese Yen
Monthly Downtrend, Wkly Downtrend, Daily showing a potential change in market trend. Price has broken downtrend anchor on the daily timeframe and looking to retest that zone. We may see some buyers coming into the market, at least for short term. Let see how this trade plays out during the course of the week. I'd be waiting to see the market break out of 4hr resistance and retest before taking an entry Long.

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.