GBPJPY: Bearish reversal activated

British Pound/Japanese Yen FX:GBPJPY


In H4 we can see that the pair has tested the downtrend resistance line. As it is the third test we can expect that the pair will continue the fall maybe until the downtrend support line. The invalidation of the strategy is of course above the resistance.

Hope it helps !


See also  GBPJPY BUY SETUP for FX:GBPJPY by PriceActionAnalysis