British Pound / Japanese YenUpdated Bears need to break this level in GBPJPY, +530 Pips potential
Hello traders, we are seeing the formation of a resistance
zone in the 4Hour chart of GBP/JPY. However, price is being supported
by the 181.10 level.
Bears need to take out the 181.10 level to accelerate the downtrend.
There is potential for a 530 pips sell in GBPJPY as price is likely to
hit 176.24 as long as the resistance zone holds.
zone in the 4Hour chart of GBP/JPY. However, price is being supported
by the 181.10 level.
Bears need to take out the 181.10 level to accelerate the downtrend.
There is potential for a 530 pips sell in GBPJPY as price is likely to
hit 176.24 as long as the resistance zone holds.
Note
And price has fallen 100 Pips since I posted :)Note
Hourly mav is offering some supportNote
As I mentioned a few hours ago, the hourly moving average is offering support 
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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.