GBPJPY next week!
The GBPJPY pair returned to form weak sideways trades, postponing the bullish rally due to its consolidation below 183.50 barrier, to notice approaching the additional support at 181.50.
Also, the contradiction between the major indicators by stochastic decline below 50 level confirms surrendering to the domination of the sideways bias for the near-term period, while declining below the current support and providing negative close confirm the preparation to form new bearish waves, to suffer additional losses that might extend towards 180.80 and 180.10.
Also, the contradiction between the major indicators by stochastic decline below 50 level confirms surrendering to the domination of the sideways bias for the near-term period, while declining below the current support and providing negative close confirm the preparation to form new bearish waves, to suffer additional losses that might extend towards 180.80 and 180.10.
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.