On the reverse side, the MA-21 at around 184.70 will act as immediate resistance. Clear break above that area would bring the price to neutral zone in the short term, with the possibility of testing the 185.35 (Fibo 50.0% of 174.86-195.87). The next resistance could be found at 186.00 area.
GBPJPY Bearish Over at Down MA-21
Potentially bearish bias on the 4-hour chart, especially if price able to break back below 183.55 area. Potentially trigger further bearish momentum re-testing 182.90 area before targeting 182.40 area.
On the reverse side, the MA-21 at around 184.70 will act as immediate resistance. Clear break above that area would bring the price to neutral zone in the short term, with the possibility of testing the 185.35 (Fibo 50.0% of 174.86-195.87). The next resistance could be found at 186.00 area.
On the reverse side, the MA-21 at around 184.70 will act as immediate resistance. Clear break above that area would bring the price to neutral zone in the short term, with the possibility of testing the 185.35 (Fibo 50.0% of 174.86-195.87). The next resistance could be found at 186.00 area.
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Thanks for give comment.