Will GBP/JPY fall to 178?Let's analyze the daily chart
Hello everyone, GBP/JPY made yet another attempt to break the
resistance level yesterday but the attempt was not successful.
📌Price has already fallen more than 100 Pips today. If the daily
candle ends today with a bearish candlestick pattern, we can expect
further fall in GBP/JPY.
📌183.46 is a moderate support level which if broken, would open
the path towards 178.
📌My recommendation is to sell the rallies in GBP/JPY.
resistance level yesterday but the attempt was not successful.
📌Price has already fallen more than 100 Pips today. If the daily
candle ends today with a bearish candlestick pattern, we can expect
further fall in GBP/JPY.
📌183.46 is a moderate support level which if broken, would open
the path towards 178.
📌My recommendation is to sell the rallies in GBP/JPY.
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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.