A new Bearish setup on GBP/JPY
Taking the divergence, almost triple top patterns into consideration, the market has left us with a plausible bearish cause to decide upon, knowing well that the price is still trending above the trendline.
For a bearish setup to be strongly confirmed, price needs to break below the trendline and also break the previous low (BOS).
Alternatively, if the price happen to break the supply zone, then the bullish run could be targeted towards 164.10.
Watch out.
For a bearish setup to be strongly confirmed, price needs to break below the trendline and also break the previous low (BOS).
Alternatively, if the price happen to break the supply zone, then the bullish run could be targeted towards 164.10.
Watch out.
4.5RR won