GBP/JPY

22 ביוני 2021

GBP/JPY reached a strong intraday structure resistance. We could see a double top formation on 1H chart as well.

.A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.

Time Frame 1H Chart
Best entry at 153.40
Take Profit 1: 153.00
Take Profit 2: 152.40
Take Profit 3: 151.60
Stop Loss 154.20