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Skandhatrade

#GBPJPY approaching 1HR Resistance Area , the potential a Drop!

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Skandhatrade  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBPJPY gpjpysell forextrading forexanalysis
6
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trendanalysis harmonicpatterns chartpattern gbpjpy gpjpysell forextrading forexanalysis
#GPJPY Price is trading the Resistance Area and it is also react the 1HR & 4HR resistance so it is possible to a drop And the price also touching the 200EMA and pricing pattern candlestick formed in resistance area

Why we like it:
Price Trading in Resistance 1HR & 4HR area
Attend the 100% fib level
waiting for 200EMA retracement


1st support:
151.625
Next Zone area & horizontal swing Low support

2nd support:
151.322
Zone area & horizontal swing Low support

1st Resistance
153.514 - 153.740
Zone area & horizontal swing high resistance
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