As you see in the 4H time frame, price has made a bearish reversal pattern in the form of a head & shoulders formation at the end of the uptrend.
Currently, the neckline (red resistance area) has been broken to the downside and price has been fixed below.
On the other hand, price has approached to the support level at 162.800 and was pushed to the upside.
For now, I expect a pullback to the resistance zone which is around 165.00 and then a continuation on the downside move towards the green line at 160.00 (159.900).
What is your idea about GBPJPY? Feel free to share.
Currently, the neckline (red resistance area) has been broken to the downside and price has been fixed below.
On the other hand, price has approached to the support level at 162.800 and was pushed to the upside.
For now, I expect a pullback to the resistance zone which is around 165.00 and then a continuation on the downside move towards the green line at 160.00 (159.900).
What is your idea about GBPJPY? Feel free to share.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。