GBPJPY
Buy now support(Descending channel)
Deeper decline is expected as long as 164.12 resistance holds. Break of 158.54 will target a retest on 155.33 low. In the bigger picture, as long as 38.2% retracement of 123.94 (2020 low) to 172.11 (2022 high) at 153.70 holds, medium term bullishness is retained.
Deeper decline is expected as long as 164.12 resistance holds. Break of 158.54 will target a retest on 155.33 low. In the bigger picture, as long as 38.2% retracement of 123.94 (2020 low) to 172.11 (2022 high) at 153.70 holds, medium term bullishness is retained.
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