GBPJPY| SHOER TERM

203
HELLO TRADERS

Today, the price is expected to fluctuate between the resistance level of 191.10 and the support level of 188.94. Furthermore, there is a higher probability that the price will decline further, potentially breaking 188.94 and extending toward 187.89. A confirmed breakout below this support zone would reinforce the bearish outlook.

On the other hand, for a bullish reversal to be validated, the price must break above 192.24 and successfully breach the upper boundary of the channel.

Tendency Keys: 191.10
Resistance Line: 191.10, 192.24, 194.62
Support Line: 188.94, 187.89, 186.96
Trade active
The price rose strongly, then fell again and traded below 191.10 at the same zone.

The bearish scenario remains active

snapshot

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