GBPJPY has been losing value since August 22nd to the present day, it still remains in a downtrend movement despite being falling for some time, the price currently formed a descending triangle at the support level - $183.40, which indicated the weakening of the bulls and as a continuation market pattern. After the breakout of the chart pattern formation, we can clearly see a strong decline towards the next support from the 21st to the 22nd of the current month and then the price recovered to 182.26 as retracement. A further decline is expected to $180.72 - $180.44.
Trade active
GBPJPY SELL AT CMP - 181.400TP1 181.170
TP2 180.820
TP3 180.400
SL- 181.847
Related publications
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.
Related publications
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.