Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/JPY reversed from resistance zone
2019-11-11 • Updated
- 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).
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