We have met resistance on GJ, fall pending

2019-12-05 11:56:52

Recently broke out of the channel and pushed up hard with GBP fundamentals and ongoing JPY weakness. Price met resistance, there isn't much room to go further. The weekly trendline is around 143 and the H4 trendlines showing that we received our ceiling. I am selling now to around 141.8 but suggest you wait for a inverted hammer candle stick pattern on H4.