GBPJPY short
The weekly trend is downwards
The daily trend is upwards, price is above the 50% fibs pullback indicating a discount for selling
The 4hour trend is downwards.
We have a level of resistance on the weekly which is also the weekly's lower high.
Price has rejected from that weekly resistance to form a doji candlestick.
On the 4hour we have a 38% fibs pullback level which alines with the 4 hour resistance and the 15 minutes lower high.
The daily trend is upwards, price is above the 50% fibs pullback indicating a discount for selling
The 4hour trend is downwards.
We have a level of resistance on the weekly which is also the weekly's lower high.
Price has rejected from that weekly resistance to form a doji candlestick.
On the 4hour we have a 38% fibs pullback level which alines with the 4 hour resistance and the 15 minutes lower high.
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