It takes a break above 187.85 to keep the bullish GBPJPY

Bias looks still bullish on the 4-hour chart, though still needed penetration consistently above 187.85 area (Fibo 38.2% of 174.86-195.87) to trigger further bullish momentum testing 188.60 before targeting 189.25 area.

On the reverse side, the MA-21 at around 186.50 will act as immediate support. With stochastic and RSI which looks a little overbought, a clear break below that area could possibly trigger a bearish correction scenario testing 185.90 or even 185.35 area (Fibo 50.0% of 174.86-195.87).

0 Response to "It takes a break above 187.85 to keep the bullish GBPJPY"

Thanks for give comment.