Title
GBPJPY H4 | Potential bearish reversal?
Type
Bearish Reversal
Preference:
Price is falling from our pivot point at 182.898, a pullback resistance, and is moving to our 1st support at 180.492, multi-swing low support.
Alternative scenario:
Price could break the pivot point at 182.898 and rise to our 1st resistance level at 184.031, a pullback resistance.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.