The secondary trend of GBPJPY
is sideways on charts. In its hourly chart, the pair is not sustaining at higher levels and consolidating with strong negative bias below its rising trend line
to give break out at downside. Its 30 DMA is also supporting the upcoming bearish trend
in the pair. It is sustaining above its important support level
of 184.20. If it breaks its support level
at downside then we can expect it show further bearish
movement in the pair.
is sustaining in selling territory indicating the upcoming bearish trend
in the pair.
is looking bearish
on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.