Hello traders, we can see a great opportunity right now on the GBP / JPY pair.
There is a strong bearish movement that is going to occur in the FOREX market and it can be very interesting.
The market has pushed very hard, it is about to join a resistance zone with confirmation on RSI it has just come out of its downward wedge.
So a lot of further downside potential may come but the market remains bullish see, if the 50% RSI is broken then the bears will regain control and the fall may accelerate.
Analyze your interesting profit taking and the price reaction on support by reducing your exhibition. No sign of bulls being sold yet.
A bullish MACD on a strong divergence but likely to fall sharply.
And only there we will have an affirmation of the additional of a rally in progress.
To start again on a new price dynamic on this appreciation.
Please like and follow, thank you.
There is a strong bearish movement that is going to occur in the FOREX market and it can be very interesting.
The market has pushed very hard, it is about to join a resistance zone with confirmation on RSI it has just come out of its downward wedge.
So a lot of further downside potential may come but the market remains bullish see, if the 50% RSI is broken then the bears will regain control and the fall may accelerate.
Analyze your interesting profit taking and the price reaction on support by reducing your exhibition. No sign of bulls being sold yet.
A bullish MACD on a strong divergence but likely to fall sharply.
And only there we will have an affirmation of the additional of a rally in progress.
To start again on a new price dynamic on this appreciation.
Please like and follow, thank you.