GBPJPY | Perspective for the new week

The GBP/JPY pair displayed selling pressure during the later part of last week's trading session to retest the temporary bullish trendline in the 4H timeframe. Is the price going to respect or break down the bullish trendline this week?

Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.

עסקה פעילה:

We just witnessed a breakdown of the bullish trendline and a retest of structure (with a reversal pattern on lower time frame) should confirm a selling momentum for the week as the bearish trendline continue to guide our activities. However, if we witness a breakout/retest of the 162.000 Level then we can now be thinking of a reversal momentum.

Good morning

עסקה פעילה:

Multiple rejections of 162 level

good afternoon

עסקה פעילה:

Price action moving as expected

Good night

עסקה סגורה: היעד הושג:

Good morning

עסקה פעילה:

After enjoying a profitable trade, the price is back to our entry zone. Are we anticipating re-entry? I am watching out for reversal patterns around this zone to make a decision

Good evening

עסקה פעילה:

We have a bearish signal