GBPJPY the price may fall near 188,186,183 (D1)

GBPJPY the price may fall near 188,186,183 (D1) after rejection by the Resistance trendline.

After reaching a nine-year high of 193.55, the GBP/JPY fell further below 190.00 as buyers were unable to break through and target the 194.00 level. The pair was down 0.61% at 190.69 at the time of writing.

Technical prognosis for the price analysis of GBP/JPY

The GBP/JPY is still favorably skewed higher even though it is declining. The pair's decline was stopped by the Tenkan and Kijun-Sen convergence around 190.75, although there are still negative possibilities. Should sellers drive the exchange rate lower than that, the pair may try to reach 190.00. Since the psychological figure of 189.00 would be the next to rise, more losses are anticipated below that point.

But since there is less resistance on the upward route, if they manage to regain the 191.00 mark, further gains should be anticipated. The high of today, at 192.23, and the 193.00 level would be the next resistance points.

Summary
The most recent price is 190.72.
Today's Change in Daily Value: -1.25

Daily Change for Today: -0.65
Daily open as of today is 191.97

Trends
Daily SMA20 190.28
Daily SMA50 188.85

SMA100 Daily~186.43
SMA200 daily is 184.59.

Levels
Previous Day's High: 193.51
Previous Day's Minimum: 191.85
Past Week High: 190.03
Previous Week Low: 187.96
Past Monthly High: 191.33
Previous Previous Monthly Low: 185.23
Every Day Fibonacci 38.2% 192.48
Every Day Fibonacci 61.8% 192.87
Point S1 of daily pivot: 191.38
Point S2 of daily pivot: 190.78
Every Day Pivot Point S3: 189.71
Every Day Pivot Point R1: 193.04
Everyday Pivot Point R2: 194.1
Everyday Pivot Point R3: 194.7

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