GBPJPY

On the Monthly TF a rejection from the 135.000 areas is quite evident. Last months bar closed below with a solid rejection from that area. This months bar has also tapped into the area but so far on the daily TF no bar has managed to close above. Moving to the weekly TF an inside day bearish bar has been formed, almost similar to the one formed on 13th April followed by bearish momentum. On the daily a key reversal that rejected the 135.000 area was formed on Monday. Looking back an almost similar bar was formed on the 16th of June rejecting the same zone. A solid close below the 134.2 region would confirm My bearish bias.