GBPJPY late Asian session lows around 142.10 were tested just before London open and the 5 min chart has several hammers, then showing the break of this range down to 142.00 was rejected. London open (green line) gave a 5 min close on 142.00. This is reflected on the 1 min with a lower high swing with a top around 142.10. The break below 142.00 gave a small retrace higher and another lower high. See the 1 min chart 2 red arrows down after London open.
GU, GJ 5 min agreeing, lower highs, price below moving averages and last 3 bar reversal signals were down. 1 min lower highs, small retraces, entry candles are the negative closes with little/no lower wicks and price going 1 pip lower on next open candle. See 1 min red arrows down.
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