• Vasily Trader

GBPJPY: Bearish Continuation (forecast)

🔻GBPJPY is retesting 135.5 major structure resistance level.

on hourly chart the price has formed a double top formation with a lower high

and broke below its neckline after market opening.

now the broken neckline and 4H falling trend line serve us a local supply area.

chances are high that we will see a bearish reaction from that.

first goal - 134.55