GBP/JPY: 'Double Top' pushing price lower

GBP/JPY: 'Double Top' pushing price lower

2019-11-11 • Updated

There's a 'Double Top' pattern, which has been confirmed, so the market broke all Moving Averages. It's likely that the pair is going to continue falling down towards the next support at 143.32 - 143.02 in the short term. If a pullback from these levels forms thereafter, there'll be a moment to have an upward correction in the direction of the nearest resistance at 144.03 - 144.39.

8-5-2019-GBP-JPY-H4.png

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