GBPJPY Analyses
DAILY CHART : Price currently in a downtrend, hitting the top of the dowtrend and showing bearish movement.
4H and 1H Chart : We can clearly see a raging movement between 131.111 - 130.73 levels. We´re going to break those levels with the market open session.
At this moment, once we reach the top of the downtrend, assuming its going to respect the downtrend, I expect a bearish movement followed by a retest and then a possibly bearish movement again!
However, we must wait for the market opening session and then we can take further conclusions.
4H and 1H Chart : We can clearly see a raging movement between 131.111 - 130.73 levels. We´re going to break those levels with the market open session.
At this moment, once we reach the top of the downtrend, assuming its going to respect the downtrend, I expect a bearish movement followed by a retest and then a possibly bearish movement again!
However, we must wait for the market opening session and then we can take further conclusions.
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