GBPJPY Bearish As Price Holds Below 183.712

2023年9月15日

GBPJPY has been in an uptrend since April of this year. Price stabilized after hitting the 186.547 highs in late August.

I plotted a daily range based on how price traded over the past month. Today's session close marks a clear indication that price is drifting to the downside.

Structurally speaking, I am directionally bearish. If price holds below the lower daily range boundary, I think strong downside potential can be expected as price reverses after the run-up earlier this year.

2023年9月15日

註釋

Here's the 4-hour chart:


Looking pretty good as price is holding and resisting off of lower levels.