GBYJPY SELL

28 בינו׳

GBPJPY is a sell, Price is at a key level on the daily timeframe where it has rejected multiple times to the downside and now we are testing that level of resistance. The RSI is also slowly approaching the 70 line which indicates a sign of overbought and a potential reversal to the downside , price is also looking to cross SMA 14 which could also support the analysis of price moving to the downside, Look for potential entries on the lower timeframes and proceed with caution.