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ThinkingAntsOk

GBP/JPY to the Downside? Broken Bearish Structure

Short
Sterlina / Yen giapponese (FX:GBPJPY)  
ThinkingAntsOk  
FX:GBPJPY   Sterlina / Yen giapponese
Trend Analysis Support and Resistance Multiple Time Frame Analysis GBP jpy GBPJPY short Bearish Patterns analysis setup
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trendanalysis supportandresistance mtfa gbp jpy gbpjpy short bearish analysis setup
🔸4H CHART EXPLANATION:
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🔸Price bounced at the Daily Resistance Zone.
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🔸It has broken the Ascending Channel.
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🔸After that, we can observe that has been consolidating on a corrective structure that has been recently broken to the downside.
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🔸 The first bearish target of this move is the Support Zone at 132.00. Will look for a lower timeframe bearish setup.

🔸DAILY CHART ANALYSIS:

snapshot
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