The GBPJPY pair is trading inside a Channel Down with the price currently under its middle.
It appears that there is an internal Falling Support holding the Lower Lows since August 25th.
Considering that the 1H RSI is oversold, this emerges as the ideal setting for a new buy.
Buy now and target the Falling Resistance at 184.250.
Previous chart:
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It appears that there is an internal Falling Support holding the Lower Lows since August 25th.
Considering that the 1H RSI is oversold, this emerges as the ideal setting for a new buy.
Buy now and target the Falling Resistance at 184.250.
Previous chart:
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.