GBP/JPY – Further Declines Coming?

FX_IDC:GBPJPY   British Pound / Japanese Yen
61 0
The weekly chart shows that the decrease we are currently experiencing did not start at random place and were caused by test of clear resistance at level of the previous high. At present, the downward movement is heading towards minimum from last week. Breaking it may mean that price will continue to fall to lower levels.

H4 chart shows how the price returns after a slight correction. In addition, today’s news of UK bombings can support declines. It seems that reaching support at 143.40 is almost certain. In this way, the structure of the lower highs is formed, and the breakout of the support will form another lower low.
Sprawdź największy polski portal traderski - i dołącz do najbliższej edycji konferencji FxCuffs 2018 już w marcu! Do zobaczenia w Krakowie!
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out