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