GBPJPY is forming a reversal pattern. Trend reversal...
As part of the rally and news reaction, the price is testing strong resistance from D1-W1.
A false breakout is forming in the form of a bullish wedge, with the price returning back below the level. A reversal pattern is emerging on the chart: H&S, bullish wedge. A break of 199.5 could reverse the movement.
A bullish wedge is a reversal pattern. The market is showing an upward movement, which is hampered by limit orders formed by bears. The boundaries are narrowing, followed by a breakdown of support, which triggers a downward impulse.
A false breakout is forming in the form of a bullish wedge, with the price returning back below the level. A reversal pattern is emerging on the chart: H&S, bullish wedge. A break of 199.5 could reverse the movement.
A bullish wedge is a reversal pattern. The market is showing an upward movement, which is hampered by limit orders formed by bears. The boundaries are narrowing, followed by a breakdown of support, which triggers a downward impulse.
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.