GBPJPY reached strong supply zone at level 144.56
Price rejected from 50% Fibonacci level of main bearish wave at level 144.40 with confirmation of evening star candlestick pattern
Pair completed bullish AB = CD harmonic pattern
Negative divergence appeared on h1 frame and confirmed after closing below resistance level at 144.15
RSI reached overbought region
MACD shows weakness in bullish momentum
It's expected to target first key level at 142.18 then target demand zone at 141.00
Price rejected from 50% Fibonacci level of main bearish wave at level 144.40 with confirmation of evening star candlestick pattern
Pair completed bullish AB = CD harmonic pattern
Negative divergence appeared on h1 frame and confirmed after closing below resistance level at 144.15
RSI reached overbought region
MACD shows weakness in bullish momentum
It's expected to target first key level at 142.18 then target demand zone at 141.00
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.