On GbpJpy, price is beginning to extend towards a daily significant level. I'll be trading a bearish bounce off of this resistance level if it holds.
If we get could get another short-term bullish push towards the upside and overextend into this level, I'll be monitoring price action to see if I could identify and bearish reversal patterns. Once I do, the trade would look something like this.
If we get could get another short-term bullish push towards the upside and overextend into this level, I'll be monitoring price action to see if I could identify and bearish reversal patterns. Once I do, the trade would look something like this.
