gbpjpy followed by major events in japan and britain has a choppy character.
the 200 day moving average is around 195.00 and a break below that region will go down to 194.50 and 194.00
a retracement from 200 sma will go upto 195.50 where yo can find a resistance region and breaking that zone will pimp gbpjpy to 196 and 196.50
bullish target
195.50
196
196.50
bearish targets
195
194.50
194
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the 200 day moving average is around 195.00 and a break below that region will go down to 194.50 and 194.00
a retracement from 200 sma will go upto 195.50 where yo can find a resistance region and breaking that zone will pimp gbpjpy to 196 and 196.50
bullish target
195.50
196
196.50
bearish targets
195
194.50
194
like share and follow us
support us and motivate for more such contents
Comment:
reached all bearish targets