It just can't get any simpler than this. Price has been "trapped" between 141.300 (resistance) area and 139.430 (support) area for a couple of weeks and has recently tested and rejected the resistance area. Price had also created a strong bullish momentum forming a very clean trend line which has also been broken. This leaves us with a very good shorting opportunity with our target being the 139.430 support.
This was my analysis on GBP/JPY and I hope you like it, see you on the next one!
This was my analysis on GBP/JPY and I hope you like it, see you on the next one!