The GBP/JPY pair is trading below 55 and above 200 EMA (Short-term) and 365 EMA (long term on the 4-hour chart, confirming a bearish trend. Immediate resistance is at 194,a breach above this level targets of 194.70/195/196.50. Any breach below 192.85 confirms the intraday bearish trend. A dip to 192.35/191.70.
Market Indicators (1- hour)
CCI (50)- Bearish
Directional movement index - Bearish
It Is good to sell below 192.85 with SL around 193.30 for a TP of 191.70.
Market Indicators (1- hour)
CCI (50)- Bearish
Directional movement index - Bearish
It Is good to sell below 192.85 with SL around 193.30 for a TP of 191.70.
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