GBPJPY; FORECAST- AT MARKET OPENING
Updated
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.
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GBPJPY SELL AT CMP - 181.400TP1 181.170
TP2 180.820
TP3 180.400
SL- 181.847
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