The potential weakening Shutter Area GBPJPY 185.40

GBPJPY pair tends to weaken the movement by bearish signal from the MACD indicator on the 4-hour chart. Stochastic indicators tend to be flat. Penetration nearest 186.50 support area should be able to bring the price closer to the next resistance area 185.40. Prices continue to move down below the 185.40 area will target 184.20 key support.

On the other hand, the price increase will first face the 188.75 resistance area. The next resistance is in the range of 189.90 and key resistance at 190.90 near the area.