GJs BULLISH MOMENTUM MAY HAVE DIED... för FX:GBPJPY av lobfxempire

trendline candlestick movingaverage gbpjpy gj gjshort 30min gbpjpyshort gbpjpyanalysis

GJs price has been moving quickly into Bearish territory. We had a recent close over 2 MAs followed by a bearish moving average crossover. As an added confluence, price is currently testing a 1HR box region. This zone stands as an important level because, price rejected & reversed during its last encounter. A close below would signal a Bearish sentiment. Target area would be towards the bottom of the Trend channel. If price fails to close below the zone, i'm expecting a retrace towards $137.100.

Comment your thoughts on GJ below!

All Likes & Comments are Appreciated

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.