GBPJPY ON A BEARISH MOMENTUM

10 thg 3, 2022

Again from last week price made a massive impulse from 155.00 to 151.00 braking key support level at 154.00 looking at it from the daily TF. This week we can see price made a shallow correction which was rejected at the 38.2% of the fib pulled on the impulse which indicates weakness in bull strength. moving down to the 4hr TF we can a break of support structure and upon the retest we can look for our entry on the smaller TF with TP at 150.00.