GBP/JPY declined from recent highs, currently trading around 197.3. The break below Friday’s 198.0 low intensified the downtrend, with the pair nearing a key support at 196.9.
A temporary rebound toward 198.0 is possible before the downtrend resumes toward 196.0. The bearish outlook is invalidated if GBP/JPY breaks above 198.9.
A temporary rebound toward 198.0 is possible before the downtrend resumes toward 196.0. The bearish outlook is invalidated if GBP/JPY breaks above 198.9.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.