GBPJPY remains Bearish..
Current Price: 190.400
Outlook: Bearish
Reasons:
- The pair has broken below the key support level of 191.000, indicating a potential downtrend.
- The Relative Strength Index (RSI) is below 50, suggesting bearish momentum.
- The Moving Average Convergence Divergence (MACD) is showing a bearish crossover, indicating a potential sell signal.
- The pair is trading below the 200-period moving average, which is a bearish sign.
Next Support Levels: 189.000, 188.000
Next Resistance Levels: 191.000, 192.000
Recommendation: Sell on rallies, target 189.000 and 188.000.
Outlook: Bearish
Reasons:
- The pair has broken below the key support level of 191.000, indicating a potential downtrend.
- The Relative Strength Index (RSI) is below 50, suggesting bearish momentum.
- The Moving Average Convergence Divergence (MACD) is showing a bearish crossover, indicating a potential sell signal.
- The pair is trading below the 200-period moving average, which is a bearish sign.
Next Support Levels: 189.000, 188.000
Next Resistance Levels: 191.000, 192.000
Recommendation: Sell on rallies, target 189.000 and 188.000.
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My FREE Telegram Channel:
t.me/EaglePipsPro1
t.me/EaglePipsPro1
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.