Lets explore the possibility of a continued downtrend.
we can see gbpjpy making lower lows as it drops further and further down....but will this continue? Lets explore the possibilities. (plz share your thoughts in the comments....it would be nice if we can start a debate :)
There is bearish divergence since the start of this bullish move.....
There is a strong resistance level which has not yet been broken and looks like price has rejected.
Corona Virus in Britain not looking good ( could cause economic issues)
Overall I don't think gbpjpy can continue pushing up any further But plz shae your ideas in the comments...lets decide together what the most likely scenario.
we can see gbpjpy making lower lows as it drops further and further down....but will this continue? Lets explore the possibilities. (plz share your thoughts in the comments....it would be nice if we can start a debate :)
There is bearish divergence since the start of this bullish move.....
There is a strong resistance level which has not yet been broken and looks like price has rejected.
Corona Virus in Britain not looking good ( could cause economic issues)
Overall I don't think gbpjpy can continue pushing up any further But plz shae your ideas in the comments...lets decide together what the most likely scenario.