Beware of the red Flag, as GBP tends to continue bullish.
GBPJPY has experienced a nice Mark-up phase, but this phase could continue when the market opens again.
There is also a strong resistance point at the current price, which could be broken, but due to this resistance the market could be at a distribution phase, and the bears are beginning to enter the market. so until a breakout happens at this current resistance, there is no assurance of the market to be continuation phase.
There is also a strong resistance point at the current price, which could be broken, but due to this resistance the market could be at a distribution phase, and the bears are beginning to enter the market. so until a breakout happens at this current resistance, there is no assurance of the market to be continuation phase.
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