GBPJPY dropped perfectly, potential for further bearish movement
GBPJPY dropped perfectly from our resistance and has reacted off our first resistance at 148.43 (horizontal overlap resistance) and a strong reaction might occur causing price to drop to our major support at 147.14 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (89) is also seeing a bearish exit which support our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89) is also seeing a bearish exit which support our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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