GBPJPY in the process of confirming his decline
As seen on the chart 164.940 is the price level that GBPJPY should at least touch to confirm a decline for it. And selling at high prices can be done in the area of expectations.
The minimum decline if any for GBPJPY is at 161.472 which is likely to make it a lower high for the low during this era of 159.034.
If this happens, the rise could be targeted to 171.817
The minimum decline if any for GBPJPY is at 161.472 which is likely to make it a lower high for the low during this era of 159.034.
If this happens, the rise could be targeted to 171.817
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.