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xAB777
Jan 20, 2024 10:04 PM

GBPJPY POSSIBLE FALL ? Short

Great Britain Pound / Japanese YenEightcap

Description

hi traders ,

since the summer gbpjpy has been trading inside a channel on the daily tf .

we can see the price approaching the sell area where we have a resistance + bearish trendline it is very likely that we see a bearish move from there id wait for extra confirmation.


right now the only comfirmation we have is the close of friday candle that closed as a bearish spinning top and the rsi that is indicating a bearish divergence and weakening of price.

trade safe homies!
Comments
TheFxAce
The bearish indicators you've presented are hard to ignore.
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