Possible Trend Reversal for GBPYJPY
Moving onto GbpJpy, price has been creating bearish market structure ever since we've rejected away from the weekly resistance level. This leads me to believe that a trend reversal may be in the works, and we could have some more bearish momentum ahead.
Taking this into consideration, I've identified an H4 significant level of interest that could accelerate price towards the downside. I would like to see a little more of a pullback to 151.400 before continuing it's bearish rally.
Taking this into consideration, I've identified an H4 significant level of interest that could accelerate price towards the downside. I would like to see a little more of a pullback to 151.400 before continuing it's bearish rally.
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