What to expect for NZDCAD
GBP/JPY reversed from resistance zone
- GBP/JPY reversed from resistance zone
- Next sell target - 149.45
GBP/JPY recently reversed down with the daily Japanese candlesticks reversal pattern Evening Star from the resistance zone lying between the pivotal resistance level 152.80 (which has been reversing the price from the end of September), upper résistance trendline of the wide daily up channel from last year and upper daily Bollinger Band. The downward reversal from this resistance zone stopped the previous minor impulse wave (iii). GBP/JPY is expected to fall to the next sell target at the next support level 149.45 (monthly low from December).
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
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