GBPJPY continues the corrective decline
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GBPJPY 6H NEW FORECAST
The pair's price confirmed its surrender to the control of the bearish corrective tendency by touching the level of 186.64 yesterday, approaching the previously expected negative target. Negative trading will remain in place for the current period, relying on repeated stability below 187.05in addition to the presentation of the Stochastic indicator of negative momentum. We expect the price to soon gravitate towards 185.53 and 184.62, respectively.
As for the price renewing the main upward attempts, this requires the formation of a strong upward impulse to settle above 187.70, thus enhancing the chances of achieving new gains that may start from 188.56
Resistance prices: 188.56 & 189.08 & 189.56
Support prices: 185.53 & 184.62 & 183.90
The expected general trend for today: corrective bearish
(He had already indicated that he was starting to decline)
GBPJPY 6H NEW FORECAST
The pair's price confirmed its surrender to the control of the bearish corrective tendency by touching the level of 186.64 yesterday, approaching the previously expected negative target. Negative trading will remain in place for the current period, relying on repeated stability below 187.05in addition to the presentation of the Stochastic indicator of negative momentum. We expect the price to soon gravitate towards 185.53 and 184.62, respectively.
As for the price renewing the main upward attempts, this requires the formation of a strong upward impulse to settle above 187.70, thus enhancing the chances of achieving new gains that may start from 188.56
Resistance prices: 188.56 & 189.08 & 189.56
Support prices: 185.53 & 184.62 & 183.90
The expected general trend for today: corrective bearish
(He had already indicated that he was starting to decline)
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