GBP/JPY SELL
The price has reached a major resistance level and tested multiple times failing to break above it.
I expect the price to once again fail to break the key resistance level and fall until it reaches the yellow support zone or the next key support area.
Adding on to the confluence I can see a potential double top pattern forming near the Major resistance zone indicating that the price is going to sell down.
I expect the price to once again fail to break the key resistance level and fall until it reaches the yellow support zone or the next key support area.
Adding on to the confluence I can see a potential double top pattern forming near the Major resistance zone indicating that the price is going to sell down.
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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.