Sell GBP/JPY from the resistance level + double top?
GBP/JPY has pulled back from the resistance level. Along with this, we also have the formation
of a bearish candlestick in the resistance level thus leading to a potential double top.
So, in the next 3-4 days, we can expect a further decline in GBP/JPY towards 168 and 165.50
levels as long as the resistance level stays unbreached.
My recommendation is to sell the rallies in GBP/JPY with SL above 172.40 and TP at 168.
of a bearish candlestick in the resistance level thus leading to a potential double top.
So, in the next 3-4 days, we can expect a further decline in GBP/JPY towards 168 and 165.50
levels as long as the resistance level stays unbreached.
My recommendation is to sell the rallies in GBP/JPY with SL above 172.40 and TP at 168.