GBPJPY nearing resistance - Short analysis
GJ is again nearing the supply zone. After a week of worse than expected employment, manufacturing, and production numbers as well as slowing price action, several factors pointing to a reversal:
- Supply/resistance zone retest
- doji/reversal daily candlesticks to end the week
- negative production/manufacturing/employment numbers last week
Need to see a break of the lower trend lines with confirmation (lower high retest, momentum, etc.) to go short
- Supply/resistance zone retest
- doji/reversal daily candlesticks to end the week
- negative production/manufacturing/employment numbers last week
Need to see a break of the lower trend lines with confirmation (lower high retest, momentum, etc.) to go short
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.