GbpJpy | Q4 begins

2019년 10월 2일

The last month printed a bullish engulfing candle. Moving to the daily, we are showing seller exhaustion and some indecision consolidating over the past 4 days. This deceleration in price could be signaling a change in direction. On the 4H we see even larger evidence that the sellers are exhausted at least for the moment. We have also seen buyers make 3 driving attempts toward the 133.25 resistance. For now, I'm sitting on my hands until GJ chooses a direction before taking any positions.