GBPJPY Back to Double tops, look for sell reversal

31 Mar 2021

Hello traders:

GBPJPY moved up once again correctively to a recent double tops, and we can expect a bearish reversal price action.

We see the first LTF impulse didn't reach the lows of the correction before a bullish reversal up move.

However, the latest price action shows a ascending channel reversal, and another LTF ascending structure, good to see more bearish price action forming.

Look for LTF breakout and continuation correction to sell down to the previous lows again.

thank you

7 Nis 2021

Not