GBPJPY - Keeping it simple. Complexity can conceal the obvious
Double top with a nice engulfing candle at a level of major daily/4hr structure. This coincides with the 50 EMA acting as resistance also.
Also follows the direction of the new daily bearish trend (below).
(Also applies to EURJPY)
Also follows the direction of the new daily bearish trend (below).
(Also applies to EURJPY)
Note
Trade active
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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.