GBPJPY Sell Signal

Pattern: Parabolic rise on 1D.

Signal: Bearish as it is approaching a Symmetrical Resistance level (rejected the price 8 times since 2016) with the RSI on 3 year highs.

Target: 137.000 (Symmetrical Support).

*Such long term symmetries are useful and quite accurate. I have successfully implemented this approach on my last GBPJPY buy signal:

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