*FOR EDUCATIONAL PURPOSES ONLY.*
TOP DOWN ANALYSIS - 4HR TO 15MIN TECHNICALS ACCOUNTED FOR.
PRICE HAS REACHED AND BEEN REJECTED BY A KEY RESISTANCE LEVEL.
PRICE ACTION FORMED DOUBLE TOP PATTERN.
ANTICIPATING A PUSH DOWN TO NEAREST KEY SUPPORT/DOUBLE TOP PATTERN NECKLINE.
1:2 RISK REWARD MAINTAINED.
STOP LOSS ABOVE RESISTANCE.
*FOR EDUCATIONAL PURPOSES ONLY.*
GBPJPY to rise to previously established resistance level upon hitting a support trend line. Overall momentum for relevant time frame is bullish.
DISCLAIMER: Trade at your own risk. Analysis is solely for educational purposes.
