GBP/JPY break of 166.00 will bring a deeper pull back to 162.00-160.00 support and below. It's creating a Head & Shoulder Pattern. Any convincing close below that level will drag the pair to the next level. GBPJPY hits an intraday low of 168.42 and is currently trading around 166.47.
Every Upside can be an excellent opportunity to Sell on the Rise.
Significant Levels - 166.00,164.50, 163.20, 162.50, 160.00.
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Every Upside can be an excellent opportunity to Sell on the Rise.
Significant Levels - 166.00,164.50, 163.20, 162.50, 160.00.
DM TO JOIN OUR FREE ANALYSIS GROUP.
Cheers!!
Trade closed: target reached:
As discussed in the analysis. we bring some good points in our favor in the European session on Friday.
Low made by GBPJPY 163.00
Low made by GBPJPY 163.00