GBPJPY Bulls weak; possible short-term Reversal

16 Nis 2020

Hello friends, if you analyze the daily chart, you can figure out that GBPJPY Bulls have been getting weak for the last 5-7 days.

Bulls can't clear the 135.50-137 resistance area.

Yesterday, GBPJPY printed a Bearish Candle in the daily chart. If GJ is unable to break the resistance area, then I expect a short-term reversal
and a subsequent drop to 132.50 area.

16 Nis 2020

Not

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