GBPJPY suffers major losses
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GBPJPY 1D NEW FORECAST
Yesterday, the pair's price was subjected to new negative pressures, which prompted it to form a strong negative attack, incurring many losses by touching the 178.60 level, and then rebounding correctively towards 181.00.
Currently, with trading positioned below the 55 moving average axis, which in turn constitutes an additional barrier at 182.45, and with the continuous fluctuation of the Stochastic indicator near the 20 level, these factors confirm the negative continuity for the current period, we expect the price to renew its downward attempts, targeting through it the level of 180.45 and 179.20, respectively.
The general trend expected for today: Bearish
GBPJPY 1D NEW FORECAST
Yesterday, the pair's price was subjected to new negative pressures, which prompted it to form a strong negative attack, incurring many losses by touching the 178.60 level, and then rebounding correctively towards 181.00.
Currently, with trading positioned below the 55 moving average axis, which in turn constitutes an additional barrier at 182.45, and with the continuous fluctuation of the Stochastic indicator near the 20 level, these factors confirm the negative continuity for the current period, we expect the price to renew its downward attempts, targeting through it the level of 180.45 and 179.20, respectively.
The general trend expected for today: Bearish
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