GBPJPY analysis - long-legged doji

daily chart at market closing

A long legged doji has formed on the daily chart - an indication that the bulls might need to take some rest.

As long as the price do not breach Friday's high (155.73), this candlestick might signals a downward move to test the lower trendline (approximately at 148.xx).

Good luck and have a happy weekend.


Post a Comment

You are welcome to post comments. However, please do not use Anonymous as your ID. At least, put in your initials for easy reference in further conversations.