jhell1717

GBPJPY- 30m Retest Low

Short
FX:GBPJPY   British Pound / Japanese Yen
If price can form bearish on the 30m/1hr, establishing resistance then we can possible move down to retest the new low that has formed. All higher timeframes are in bearish structure and the 30m/1hr chart is forming a series of lower highs and lower lows. In order to take an entry strong resistance must be shown in the form of at least a strong bearish 30m candle at the previous area of support as shown.

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