GBP/JPY rally stops at the resistance level, More decline?

2023年6月8日

Dear traders, in a quite expected move, GBP/JPY rallied almost 200 pips
from 172.65 and reached the resistance level as indicated in my chart.

Currently, we are seeing the formation of multiple bearish candlesticks in
the 4H chart. So, this gives us a moderate bearish bias.

If this bearish price action persists, traders can consider selling GBPJPY@
174.40-.174.70 with SL above resistance and TP at 172.60.

2023年6月8日

交易進行

Sold at 174.38