GBPJPY| BEARISH MOMENTUM

١٣ فبراير

The price has shown a strong bullish move, surpassing 192.24 and approaching the upper boundary of the downtrend channel. This level represents a critical resistance area, where a potential rejection could lead to a decline. If the price struggles to break through this resistance, it is expected to reverse and fall below 192.24, with the next key level at 191.10. A continued decline may lead to further bearish movement toward lower support levels.

However, if the price breaks out of the downtrend channel and stabilizes above 194.62, it would confirm a shift toward a bullish trend. In this case, the market sentiment would favor further upward movement, invalidating the bearish outlook. The breakout scenario would indicate strong buying momentum, potentially leading to higher resistance levels.

Tendency Keys: 192,24
Resistance Line: 194,62, 196,45, 198,84
Support Line: 192,24, 191,10, 188,94.

١٣ فبراير

تم فتح الصفقة

The price continues its downward movement below 192.24, so we should wait for the next development.

قبل ٥ أيام

أغلقت الصفقة: تم الوصول للهدف

The price will continue its bearish trend if it falls below 192.24, with a projected decline toward 191.10.