GBPJPY - Under 191.16 and 193.26, It Mean Sell

Zaktualizowano
Overall, the trend is downward.

Downtrend Side: The price is trading below a strong resistance level which is 191.20, so as long as the price trades below this level, it will push the price to touch 188.01, and under this level, it will reach 184.53.

Uptrend Side: If the price can break the resistance of 191.16, by closing the 4H candle, it will rise more to reach the next resistance, which is 193.26.

Tendency Keys: 193.26
Transakcja zamknięta: osiągnięto wyznaczony cel
According to our analysis, the price has fallen to our target of 188.01, but this level has pushed the price up as a correction.

The price is still trading bearishly towards our target level of 184.53.

snapshot
Transakcja zamknięta: osiągnięto wyznaczony cel
A break below 184.533 may touch the blue uptrend line, which could push the price upward. However, stabilizing below this level could lead to a drop towards 181.341.
snapshot
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