Get started
Bioonxz

GBP/JPY short

Short
British Pound / Japanese Yen (PEPPERSTONE:GBPJPY)  
Bioonxz Updated   
PEPPERSTONE:GBPJPY   British Pound / Japanese Yen
Trend Analysis Technical Indicators
1
5
trendanalysis indicator
*This is personal opinion and analysis. No encouragement involved!*
GBP/JPY can't break through this supply zone, and the indicator shows the sign of bearish divergence. This results in the short-term downside on this pair.
Comment:
The price has gone in my favor yesterday. Suddenly, it found a support and massive buyers pushing it up to the red zone again.
RED ZONE: 164.910-164.525
CASEI: If the red zone is still active, it could kick the price to the downside again.
CASEII: If the zone is broken, the continuation will take place.
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.