GBP/JPY has shown clear respect to this resistance zone that was created with a bearish engulfing on the daily time frame(may 14th). Price is now at the highest point of this resistance and created a bearish engulfing on the 4 hour Tf. With a strong besrish engulfing suggesting the sellers are taking control at the resistance. Sell 🥊
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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.