GBP/JPY More Possible Downside?
https://www.tradingview.com/x/mjAcTYY6/
Over the past 2 weeks we have seen that buyers failed to push the price higher, as there is a strong buildup at the psychological level of support of 136.00, and yesterday we have seen that sellers are in control for GBP/JPY. With a very bearish short term trend as well as an ideal downtrend intact, we can draw target price to 132.00 where short covering might take place again.
Over the past 2 weeks we have seen that buyers failed to push the price higher, as there is a strong buildup at the psychological level of support of 136.00, and yesterday we have seen that sellers are in control for GBP/JPY. With a very bearish short term trend as well as an ideal downtrend intact, we can draw target price to 132.00 where short covering might take place again.
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.