GBPJPY 1H Analysis, potential short

14 Tem 2021

Hello, hope everyone is well! In the chart shown above we have a potential setup for selling opportunities. With a key level at 152.400, if price can break and close below this level, there is a higher probability that price can continue to the downside into a 100-115 pip range. I have listed a few points on the chart that support this idea regarding possibly breaking market structure support for selling opportunites. We will see when volume picks up if the bears can continue to hold control for short positions.