GBPJPY bearish, Beware Rebound Due Stochastic oversold on H4

GBPJPY bearish, Beware Rebound Due Stochastic oversold on H4 - GBPJPY bias tends to be bearish for today because the price is below the MA 50-100-200 in the 4 hours chart. But the possibilities are limited or bearish movement could occur rebound in the short term because the indicator Stochastic oversold.

To the downside, immediate support seen at 183.30 area, to penetrate to the bottom of the region the price can move further bearish pressure testing 182.45 area to area or even to key support at 181.00. For the upside, closest resistance levels seen at the 184.00 area, right through to the top of the zone price will likely move along at least neutral instructions to test the 185.00 area before targeting to an area of strong resistance at 186.00.



Resistance levels: 184.00, 185.00, 186.00

Support levels: 183.30, 182.45, 181.00