GBPJPY is heading in bearish structure on H4. Market has broken down from the support and is nw retesting the same support turn resistance. We will be taking a short once the market forms the bearish engulfing or pinbar candle. 

The ascending trendline has broken out for sells and has been validated. 

EMA 50 is still bullish since the last few months. The EMA 50 curve has gotten flat witht the market.

The RSI is at 36, which means, its in a bearish region and more could be formed once we analyse the other technical factors along with the RSI.

GBPJPY intraday break and retest

Nov 02 2022

Take Profit +2.01%

Holding time 2d19hr

169.034

Entry price

165.643

Take profit price

1