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GBP/JPY down trend in 1 hour chart
Friday, January 9, 2015 5:17
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Since yesterday, the GBP/JPY currency pair price has tried to drop in 1 hour chart which seems like price has started the bearish trend in 1 hour chart. Now, the trend is bearish with hourly resistance available at 184.41 price level. I would be probably looking for sell trades, as long as price prints; lower highs and lower lows. If bullish candlestick closes above 184.41 critical resistance level then bearish trend is going to end. Henceforth, I may jump at the chance to stay out of the market and re-inspect the price action.
Source: http://www.fxinstructor.com/blog/gbpjpy-down-trend-in-1-hour-chart
