"GJs BULLISH MOMENTUM MAY HAVE DIED..." di lobfxempire su FX:GBPJPY

trendline candlestick movingaverage gbpjpy gj gjshort 30min gbpjpyshort gbpjpyanalysis

GJs price has been moving quickly into Bearish territory. We had a recent close over 2 MAs followed by a bearish moving average crossover. As an added confluence, price is currently testing a 1HR box region. This zone stands as an important level because, price rejected & reversed during its last encounter. A close below would signal a Bearish sentiment. Target area would be towards the bottom of the Trend channel. If price fails to close below the zone, i'm expecting a retrace towards $137.100.

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