GBPJPY Week of 6th September 2021 (Before week open)
Weekly:
Current on a downtrend and testing the bearish line. Rejection means continuation down to create a lower low.
Daily:
Previous daily was a red candle forming resistance at the bearish trend line. It is likely that we do at least retest the 2 yellow box areas and reject if we want to go up.
4h:
Broke downwards, a retest of the red box will give confirmation to continue down.
Current on a downtrend and testing the bearish line. Rejection means continuation down to create a lower low.
Daily:
Previous daily was a red candle forming resistance at the bearish trend line. It is likely that we do at least retest the 2 yellow box areas and reject if we want to go up.
4h:
Broke downwards, a retest of the red box will give confirmation to continue down.