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British Pound / Japanese Yen

UPCOMING "GBPJPY" MOVE

By siddharth_thakur
As we can see the GBPJPY is moving in a channel in one day frame + in one week time frame too . In addition when RSI get above 70 level it retests but it reached above 80 lvl so there is a high chance of a retest and there is a rectangular zone which is a strong resistance which was tested for almost 13 times so another great reason for a rejection and now it has also get overbought in RSI in weekly timeframe . Now all we have to wait is for a perfect rejection so that we can open our short positions. GBPJPY has been reached to this lvl after 6-7 years.
Chart PatternsGBPJPYgbpjpyshortTechnical IndicatorsTechnical AnalysistradingviewTrend Analysis
siddharth_thakur
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