GBPJPY formed  on Weekly chart a bearish engulfing pattern. Now 3 weeks latter price is still in the range of the bearish candle formed at the end of August. The long upper wicks are signalling some kind of weakening of the bullish trend. It may be a signal of a bearish correction. MACD is bearish on Weekly chart.

More analysis and live sessions here:


This  WEEK  (18-23 September 2023 )  I am pleased to invite you to several online sessions. Below is the schedule of meetings:

Links:  BASIC (beginners room)                        ADVANCED ROOM

The above analysis is based on the PA+MACD strategy, a detailed description of which you can read HERE . I will talk more about the PA+MACD strategy applied to these currency pairs during the live trading sessions which you can attend from Monday to Friday.
More current analysis on the group : Trade with Dargo

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Since 2010, he has been actively involved in the Forex market up to now. He is a supporter of Price Action and using as few indicators as possible. He believes that the simplicity of the system and consistency in its application is the best way to success in financial markets, and lack of patience is the most frequent cause of failure. Interested in classical systems based on Technical Analysis and in psychology - mechanisms that guide human behavior and conditioning decision making in trading.