GBPJPY (potentially) heading back to the 154.600 area.
1. Ranging market (bearish momentum).
2. Market is testing a horizontal resistance level around the 155.250 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 155.250 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.