GBPJPY SELL SETUP.

23 de set. de 2015

The confluences are clear. Broken the head/shoulder neck line and trendline. Retested the current resistance and formed a bearish pin bar in the 4hour. Price is bearish for the short term. However, take note of the major daily trendline which acts as resistance. We could see a rally when price approaches that level. In contrast, and a break below that level, we could expect price to plummet to 175.218 in the weekly support