GBPJPY is trading in wide range of 400 pips and the Pair near the horizontal and vertical resistance.
Near any resistance need bearish rejection for good down side move
We look that Bitcoin could to make today a bearish rejection in the first support $42,444 USD. Depending how the Daily candlestick will closed up today, we could to get information if that it's about a bearish rejection and bulls are bought in the key support.
Good luck!!!
Aussie / Kiwi
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Currently is sitting at Weekly Supply Zone, this pair received a push to the upside due to Rate Decision news by NZD last week.
However, since AUD and NZD react almost always the same to news, we expect heavy bearish pressure tomorrow...
The same pound pattern showed up to a bearish trend for this pair.
Short opportunity with risk/reward ratio 2.69
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As we can see since the end of January pounds has pullback and the chart indicated bearish rejection candle.
The trend still performing a downtrend. Still got a short opportunity with risk/reward ratio 1.75
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