GBPJPY SHOULD FALL!

5 февр. 2022 г.

A major trend on the H1 has been broken after a long trend to 156.560 from 152.890 and price is refusing to make "highs" again by breaking structure, forming "lows". There was a rejection on a key level, resistance level and a Supply level . RSI is below the 50 level. The 20 and 50 SMA are showing bearish crossover. Confluences has shown that price should fall pretty decently all the way down to 153.000(physiological level).