Breaking news: GBPJPY, a resistance can hide another one

17 באוג׳ 2022

Prices have broken through an upside resistance... But not the right one!
And fortunately for the sell-side scenario, since this is how, despite everything, so far the trend is still down.
The broken resistance was traced on the closing prices of the candles. The second one on which the scenario is now based, was drawn on the candlestick wicks. And that changes everything.
Buyers will have to break this resistance first to turn the market around. As long as it holds, there is hope.
To be continued...