GBPJPY: Pullback From Resistance Confirmed
The GBPJPY is showing a bearish trend on the 4-hour chart after testing a significant daily resistance level.
The price broke below the neckline of a descending triangle pattern and closed below it, indicating a potential further decline.
The next target level to watch for is at 190.62.
The price broke below the neckline of a descending triangle pattern and closed below it, indicating a potential further decline.
The next target level to watch for is at 190.62.
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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.