Get started
RandyFuego

GBPJPY Daily & 4H Short Analysis

Short
British Pound / Japanese Yen (FX:GBPJPY)  
RandyFuego Updated   
FX:GBPJPY   British Pound / Japanese Yen
Supply and Demand Support and Resistance Candlestick Analysis
4
0
supplyanddemand supportandresistance candlestick
GBPJPY Simple analysis.

GBPJPY struggled to break weekly Supply, therefore it has been deflected twice, creating a nice double top around 137.617.

We expect heavy volumes of sells Below 137.617 and 135.573.

Wait for a breakout below 135.573 which is also the double top's neckline before a safe short down to 133.498.
Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.