YGForex

GBPJPY: Clean Rejection Off Resistance Level...

Short
FX:GBPJPY   Sterlina / Yen giapponese
As of now, we managed to see a nice price rejection off the resistance level @141.33 price level. From H1 chart, we can see that BEARISH strength is currently building up with movement near the ichi cloud. I will be anticipating price to break down lower moving at the lower side of the ichi cloud. As of now, we have 2 levels in which price rejection can potentially happen. I have identified the demand zone in red where I believe BULLISH strength will build up from here.


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