TAG gbpjpy

Weekly Chart Analysis

GBPJPY continuous bearish trend, SELL

Daily Chart bearish Daily chart shows continuous down trend as follows, Ichimoku Cloud Price is below cloud. Chikou span is below candles. Bollinger bands Price is walking along StdDiv -2 downwards MA20 MA is going downwards and price is below 20SMA. H1 Chart range Ichimoku Cloud Price is below cloud, however, Chikou span is about to interact with candles. Bollinger Bands Current price is right in the middle of StdDivs, so it could go either direction. The bands are contracting, showing the price is charging energy for the next move. MA20 The price could be resisted by the SMA20 and go down. Also, I can see that there’s a resistance…