GPBJPY analysis 7/9/22

٩ يوليو ٢٠٢٢

Price is currently approaching daily resistance with heavy rejection from monthly support on the weekly charts. Looking to see if Price will continue to push through daily resistance or reject and continue bearish as current market structure on the weekly charts indicate. If candles can break and close above Daily R @ (164.137) its a strong possibility price will continue bullish to Monthly R @ (167.600).

If price rejects Daily resistance then I'm expecting price to continue bearish to weekly support @ (158.178).