GBPJPY: Do You See a Bearish Pattern? 🇬🇧🇺🇸

Short

British Pound / Japanese Yen (OANDA:GBPJPY)

OANDA:GBPJPY British Pound / Japanese Yen

Parallel Channel Trend Lines Candlestick Analysis GBPJPY jpy japaneseyen pound Forex forecast trading Technical Analysis Contains image

parallelchannel trendline candlestick gbpjpy jpy japaneseyen pound forex forecast trading technicalanalysis containsimage

snapshot

After a test of a solid horizontal resistance, GBPJPY dropped
and violated a support line of a rising parallel channel.

To me, it is a strong bearish signal.
I would expect a bearish continuation at least to 181.16 level.

❤️Please, support my work with like, thank you!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

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.