British Pound / Japanese YenUpdated GBP/JPY Bearish reversal on the cards? +1200 Pips potential
Dear traders, GBP/JPY's bullish momentum is fading and we are seeing
increasing bearish pressure on GBP/JPY.
184 level has not been breached, and we have multiple rejection candlesticks
in this level. So, if the bears step at this level, expect a rapid and big decline
in GBP/JPY. There is a potential for a 1200 Pip fall to 171 level. So, look for strong
bearish impulse and sell GBP/JPY is the mavs are breached in the hourly and 4Hour chart.
increasing bearish pressure on GBP/JPY.
184 level has not been breached, and we have multiple rejection candlesticks
in this level. So, if the bears step at this level, expect a rapid and big decline
in GBP/JPY. There is a potential for a 1200 Pip fall to 171 level. So, look for strong
bearish impulse and sell GBP/JPY is the mavs are breached in the hourly and 4Hour chart.
Note
Price has fallen below the 100hour moving average
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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.
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.