#GBPJPY: Bearish Setup
Price has reached a resistance zone which also
Goes in line with the falling resistance trendline
As you can see, the RSI indicator on the 4H timeframe is
Also overbought
Which makes me bearish biased
I believe a bearish movement would happen
After a rejection on the resistance zone
Goes in line with the falling resistance trendline
As you can see, the RSI indicator on the 4H timeframe is
Also overbought
Which makes me bearish biased
I believe a bearish movement would happen
After a rejection on the resistance zone
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.