GBPJPY BEARISH ANALYSIS

23 במרץ 2021

CURRENTLY HIT A LEVEL OF SUPPORT. I SEE IT TRADING SLIGHTLY HIGHER AND THEN CONTINUING BEARISH RUN. BUYERS TRAPPED AT 152.00 LEVEL. I SEE THE MARKET GOING TO AROUND 143.08 LEVEL OVER THE NEXT COUPLE OF WEEKS. COULD ALSO BE A SLIGHT RETRACEMENT BEFORE GOING BACK UP BUT ITS BEEN ON A BULLISH CYLCE FOR OVER 12 WEEKS AND IT HIT A KEY LEVEL RESISTENCE AND DID NOT BREAK IT.