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Rayyan_2805

Wait for Conformation - GBPJPY

British Pound / Japanese Yen (FX:GBPJPY)  
Rayyan_2805  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBPJPY gbpjpyshort gbpjpylong gbpjpyanalysis gbpjpyprediction gbpjpyforecast signals accurate
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trendanalysis chartpattern indicator gbpjpy gbpjpyshort gbpjpylong gbpjpyanalysis gbpjpyprediction gbpjpyforecast signals accurate
Awaiting conformation for GBPJPY. Price is currently turning into a strong push towards a fairly strong support zone. This could indicate that a reversal is happening. However, we should wait for conformation as the price could break the local support zone and head to the downside, hence the red arrow. Price is also currently running below both the 50 EMA and 200 EMA slightly, which indicates a short bias. Keep an eye out as there will be updates on this pair. GBPJPY
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