GBPJPY short direction analysis
GBPJPY weekly timeframe:
The pair didn’t break the weekly resistance zone this week and took a bearish turn.
.
GBPJPY daily timeframe:
The pair formed a double top pattern on the daily time frame. We expect a continuation to the downside.
.
GBPJPY 4-hour timeframe:
First, we expect a pullback to the broken structure and then a bearish candlestick pattern to occur to confirm our bearish direction.
.
We will be back for updates.
The pair didn’t break the weekly resistance zone this week and took a bearish turn.
.
GBPJPY daily timeframe:
The pair formed a double top pattern on the daily time frame. We expect a continuation to the downside.
.
GBPJPY 4-hour timeframe:
First, we expect a pullback to the broken structure and then a bearish candlestick pattern to occur to confirm our bearish direction.
.
We will be back for updates.
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