Hello traders, GBP/JPY has been sliding lower for the last few days. What's even
more interesting if the fact that price has constantly stayed below the 100-hour
moving average for quite some time now.
That being said, there is a possibility of a rebound in GBP/JPY
Traders waiting to buy, must wait for the price to break the 100-hour moving average
level with a strong bullish impulse. Subsequently, the levels to target would be
191.40, 192.26 and 193.60
more interesting if the fact that price has constantly stayed below the 100-hour
moving average for quite some time now.
That being said, there is a possibility of a rebound in GBP/JPY
Traders waiting to buy, must wait for the price to break the 100-hour moving average
level with a strong bullish impulse. Subsequently, the levels to target would be
191.40, 192.26 and 193.60
Note
On the flip side, if price continues to stay below the 100 hour EMA, it would slide further lower to 188Note
Price has risen by 25 pips since posting the ideaNote
GBPJPY reaches the first target 191.40Note
110 pips profitNote
GBPJPY still bullish , it has broken through the resistances, next resistance at 193.60Note
New set-up for GBPJPY 
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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.