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GBPJPY Is Very Bearish! Sell!

132
syot kilat
Take a look at our analysis for GBPJPY.

Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 189.489.

Taking into consideration the structure & trend analysis, I believe that the market will reach 188.370 level soon.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

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