GBPJPY 1hour Analysis December 9th, 2020

146
Price is rejecting off the 140.30 zone with strong bearish pressure, but price continues to make HLs.

Trade Scenario 1: Bullish - We would like to see price retest the 139.30 zone again to form a bullish structure/double bottom. Enter on bullish engulfing/variations.

Trade Scenario 2: Bearish - We need to see price break below 139/.30 with conviction. We will then look to enter on a retrace back to these levels.

Pernyataan Penyangkalan

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