Strong Bearish Trend Downside 128$-125$ with Correction.(weekly)
Overview: GBPJPY
The GBP/JPY pair is still trading above the daily pivot point of 132.70 Currently pairs moving sideways range between 132 to 135 level.
The GBP/jpy pair was moving downwards from the level of 135.40. Last week, the pair dropped from the level of 134.80(this level of 134.90 strong resistance until Yen weak, But Yen currently safe haven side and $ get weak then GBPJPY COULD drop more coming weeks towards support level 128 level and more 125 along with Pound weak.
Pound Condition not looking good next some month so both side pressures help us to go major support 125 level monthly base.
🛑SUPPORT/RESISTANCE
✅S1= 132.10
✅S2=128.52
✴️R1=134.90
✴️R2=138.70
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.
The GBP/JPY pair is still trading above the daily pivot point of 132.70 Currently pairs moving sideways range between 132 to 135 level.
The GBP/jpy pair was moving downwards from the level of 135.40. Last week, the pair dropped from the level of 134.80(this level of 134.90 strong resistance until Yen weak, But Yen currently safe haven side and $ get weak then GBPJPY COULD drop more coming weeks towards support level 128 level and more 125 along with Pound weak.
Pound Condition not looking good next some month so both side pressures help us to go major support 125 level monthly base.
🛑SUPPORT/RESISTANCE
✅S1= 132.10
✅S2=128.52
✴️R1=134.90
✴️R2=138.70
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.