GBP/JPY - SHORT
1M
Huge Bearish candle breaking through 4 key monthly levels, this followed by a doji retesting the weekly level.
1W
Last week’s price closed below the monthly support which has now turned resistance. This week we have currently retested this resistance.
1D
EMA is holding the price downwards, yesterday’s candle (Shooting star) has tested the downwards facing EMA alongside retesting the monthly level.
4H
3rd bounce of the trend line, with a shooting start and an evening star formation. At this same point the preferred Fib zone has been hit. EMA has crossed to the downside.
Huge Bearish candle breaking through 4 key monthly levels, this followed by a doji retesting the weekly level.
1W
Last week’s price closed below the monthly support which has now turned resistance. This week we have currently retested this resistance.
1D
EMA is holding the price downwards, yesterday’s candle (Shooting star) has tested the downwards facing EMA alongside retesting the monthly level.
4H
3rd bounce of the trend line, with a shooting start and an evening star formation. At this same point the preferred Fib zone has been hit. EMA has crossed to the downside.
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