GBPJPY- Bullish divergence and oversold
CCI Analysis-
The CCI (50) and Woodies CCI below zero level in Woodies CCI in the 4 -hour chart. It confirms the bearish trend.
Technical:
The immediate resistance is around 152, any break above targets 152.25/152.75/153.35/154. Significant bullish continuation if it breaks 155.30. On the lower side, near-term support is at 151. Any indicative violation below targets 150/149.
GBPJPY continues to trade lower for the past three days and lost more than 300 pips on the weak Pound sterling.
DISCLAIMER: ((trade based on your own decision ))
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The CCI (50) and Woodies CCI below zero level in Woodies CCI in the 4 -hour chart. It confirms the bearish trend.
Technical:
The immediate resistance is around 152, any break above targets 152.25/152.75/153.35/154. Significant bullish continuation if it breaks 155.30. On the lower side, near-term support is at 151. Any indicative violation below targets 150/149.
GBPJPY continues to trade lower for the past three days and lost more than 300 pips on the weak Pound sterling.
DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>