Bearish Correction for GBP JPY
Updated
As we can see, we have reached the 156-157 resistance area, probably will see some selling force.
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we can see the price had made a clear three tops pattern and I see buyers taking their profits on the volume preparing for some bearish moves, now we can sell at 156.200 - 156.100 targetings 153.750 - 153.286 area waiting to see some buyers on the supporting area.
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we can see the price had made a clear three tops pattern and I see buyers taking their profits on the volume preparing for some bearish moves, now we can sell at 156.200 - 156.100 targetings 153.750 - 153.286 area waiting to see some buyers on the supporting area.
Trade closed: target reached
As I expected we have reached our target Monetary Policy Report Press Conference, 4 November 2021 gives bearish signs for GBP. now we will see some sell force going to 147 - 149 levels
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