FenzoFx—GBP/JPY reached a higher high above the 195.0 resistance but has pulled back from 196.0, currently trading near 194.7 and the 50-period moving average on the 2-hour chart.
The bullish outlook holds as long as the price stays above the 193.5 support, with the next target around 200.0. However, a break below the ascending trendline and 193.5 support could signal a bearish wave toward 192.0.
The bullish outlook holds as long as the price stays above the 193.5 support, with the next target around 200.0. However, a break below the ascending trendline and 193.5 support could signal a bearish wave toward 192.0.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.