GBPJPY is expected to move lower towards the 151.500 (again)
1. Downtrend.
2. Market is testing a horizontal resistance level around the 153.500 area.
3. Market is testing a Supply zone that was not tested before.
4. Price action illustrating the rejection of higher prices.
5. Increase in Volume -> Extensive selling.
2. Market is testing a horizontal resistance level around the 153.500 area.
3. Market is testing a Supply zone that was not tested before.
4. Price action illustrating the rejection of higher prices.
5. Increase in Volume -> Extensive selling.