FX:GBPJPY   British Pound / Japanese Yen
Trend analysis: Downtrend 1H TF
Due to basic price action respecting the key Fibonacci levels of 50 & 382% within the current 1H chart downtrend, i believe the next move will follow this set up...
My Confirmations:
1)trend touch
2)previous zone touch
3) 50-382 % fib level respect
4) possible candlestick patterns forming at the trendline touch to indicate sellers in power

Please comment your understanding/opinions in the comment
we are all students!
Thanks
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out