GBPJPY / TRADING UNDER DOWNWARD PRESSURE - 4H
Updated
GBPJPY / 4H TIME FRAME
HELLO TRADERS
Current Market Analysis:
Trading below the turning level at 188.478 and within a descending channel, indicating a bearish trend.
Downward Conditions:
As long as the price remains below 188.478, the trend suggests a potential decline , If the price continues to trade below 188.478, it may decline towards support levels at 183.218 and 180.212.
Upward Conditions:
A 4-hour candle close above 188.478 would signal a potential shift in momentum , If the price breaks above 188.478 and stabilizes, it could rise towards 191.993 and, further, to 196.534.
TURNING LEVEL : 188.478
HELLO TRADERS
Current Market Analysis:
Trading below the turning level at 188.478 and within a descending channel, indicating a bearish trend.
Downward Conditions:
As long as the price remains below 188.478, the trend suggests a potential decline , If the price continues to trade below 188.478, it may decline towards support levels at 183.218 and 180.212.
Upward Conditions:
A 4-hour candle close above 188.478 would signal a potential shift in momentum , If the price breaks above 188.478 and stabilizes, it could rise towards 191.993 and, further, to 196.534.
TURNING LEVEL : 188.478
Trade active
decline +215 pip profit.
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