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VladimirRibakov

GBPJPY Forecast

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
VladimirRibakov Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Support and Resistance Wave Analysis GBPJPY forecast SELL Bearish Patterns bearishdivergence Trend Line Break pullbacks
13
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trendanalysis supportandresistance waveanalysis gbpjpy forecast sell bearish bearishdivergence trendlinebreak pullbacks
D1 - Price reached a key resistance zone formed by the 100% fibonacci expansion levels of the big and small waves, respected it, and is currently moving lower.

Bearish divergence, uptrend line breakout.

H4 - There are no evidences that show the current trend is over yet,

Expecting the price to continue lower further after pullbacks.

Comment:
The price action followed my analysis and moved lower exactly as I expected it to and delivered a fantastic move to the downside!
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