GBPJPY 4/11/2022

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Price after a retest on a HTF major support zone at 165.058, its currently showing signs of facing support as it formed a double bottoms pattern there followed by some price rejection/bullish momentum while its also facing resistance at 166.257. now if price on a 30m TF closes above the resistance, then we can expect gj to go for some reversal all the way towards the next HTF key level at 167.685.
And if price closes below the support then gj might continue its bearish run towards the next key level at 164.258.

Penafian

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