GBPJPY is set to resume the downtrend soon!
On the short term, GBPJPY pair is trying to retest the breakout level from the upward price channel along with the support level broken at 152.50 which should now act as a resistance
My technical bias will be bearish on the pair from the levels of resistance 152.50 along with the broken trendline and levels of 38.20% fibo retracement to resume the downtrend and target the last low again at 150.65
My technical bias will be bearish on the pair from the levels of resistance 152.50 along with the broken trendline and levels of 38.20% fibo retracement to resume the downtrend and target the last low again at 150.65
Order cancelled:
GBPJPY showed zero signs of bearish price action from mentioned levels of 152.50. Trade has been cancelled