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GBPJPY 15/09/2022

Short
British Pound / Japanese Yen (FX_IDC:GBPJPY)  
mightybullcapital  
FX_IDC:GBPJPY   British Pound / Japanese Yen
Trend Analysis GBPJPY gbpjpychart gbpjpysignal gbpjpyforecast gbpjpyanalysis gbpjpy_outlook gbpjpydaily gj gbpjpydailysignal
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trendanalysis gbpjpy gbpjpychart gbpjpysignal gbpjpyforecast gbpjpyanalysis gbpjpy_outlook gbpjpydaily gj gbpjpydailysignal
Price retesting a recent support at 164.867 while strong resistance at 165.948. Now if price respects the resistance & makes a breakout of the recent support then it could continue to come down to the next support at 164.290 or all the way to 163.615 as a retracement.
However if price respects the recent support & breaks & closes above the resistance then it could continue to push up creating a new uptrend.

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