GBP/JPY

GBP/JPY made a bullish close above the triangle pattern yesterday. However, the pair immediately reverse the bullish situation and turn bearish today. We have a major bearish movement that engulfed 10 days candlesticks. The bearish movement might continue toward the 161.00 support level next.

Today Critical level to watch:

Support: 161.00

Resistance: 164.00, 165.00, 170.00

Buy signal199 TARGET 168,20

Sell Signal : 162,730 Target 158