GBP JPY hit the wall

OANDA:GBPJPY   British Pound / Japanese Yen
As you can see we have marked out our support turned resistance level on the chart ( green line ) and we have pointed out areas where this level has acted as a resistance on the daily timeframe ( purple arrows )

From here we can see bearish movement after this pairing has had a very good strong bullish run but has now hit that all important brick wall ( resistance level )

This key level on the daily timeframe is also a key level on the weekly and 4h charts.

We hope this analysis can help you.


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