GBPJPY Simple analysis.
GBPJPY struggled to break weekly Supply, therefore it has been deflected twice, creating a nice double top around 137.617.
We expect heavy volumes of sells Below 137.617 and 135.573.
Wait for a breakout below 135.573 which is also the double top's neckline before a safe short down to 133.498.
GBPJPY struggled to break weekly Supply, therefore it has been deflected twice, creating a nice double top around 137.617.
We expect heavy volumes of sells Below 137.617 and 135.573.
Wait for a breakout below 135.573 which is also the double top's neckline before a safe short down to 133.498.
Note
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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.
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.