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luisousa10

In general Today GBP is falling. its time to brake the Support zone and keep going till the next strong one.

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Market structure, down trend (Down, Retest, Come Back)

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One more confirmation of the previous analysis Head and Shoulders bearish pattern

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Strong Down Trend

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We must wait for some confirmation affter the market open.

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Affter reach the top of the channel and my previous take profit. the market its making a pullback

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Long rejection pullback in important areas

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affter retest the resistance is now keep going down

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Strong bearish moment

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The price is respecting a strong trend line and started making a pullback. Must wait for confirmation at fibonacci zone to enter a short position.

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The price has respected the fibonnacci zones and is coming to the top of this channel (im not showing the fibbonacci there) Affter retest this midle strong resistance now is starting moving up. Its also possible a breakout the channel but is to early to know. A come back to retest one more time before goes up, still possible today.

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We got a strong rejection in a very strong support zone (and a visible fake out of this possible flag pattern) This + coronavirus = Long

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All this analysis indicates a continuation of up trend between the coronavirus Economy down = gold up

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GBPJPY its on a very bearish moment and finaly break the strong consolidation on the top.

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We can see a channel pattern affter that indicates a short position. But possible falling more

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Still another short day till the next support

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The pricce gots rejection affter reach th resistance zone, and we can expect to touch the previous support before any buy movement.

luisousa10

GBPJPY will keep falling at least today untill @ 139.384 affter breakout this atual support