GBPJPY closed below 145.500 so price will be heading towards 144.000.
Price broke the 61.8 Fib level and is currently bearish heading towards fib level 78.6.
50 EMA still above 14 EMA confirming that the market is bearish.
ADX also confirms bearish nature of market with red line above 25 000 and yellow line above the red line confirming sells for a long time....
Previous daily candle broke 146.250 heading down which could see price keep going to 146.000.
Previous 4H candle broke 146.250 which will see price heading towards 146.000. we are currently waiting for the next 4Hr candle to close, should price close below 146.250 go down into 15-minute chart and look for sell signals- we will sell until 146.000 if this...
when price closes above 153 on the 4h chart we should see a
bullish move to to the 500 and 154 creating a double top and
daily candle wick fill then we sit and watch what happens next
If price breaks and closes below 150.500, price could push down further to retest the Bullish channel support, or even further down...If prices breaks and closes above 151.000, we could see a push up to 151.500 and above, even to continue to the resistance line of the Bullish channel at about 153.500 by the end of the day or in the next couple days.
