Dear traders, GBP/JPY has two resistance which are the key
to predict it's future price movements.
First, we have a moderate resistance level of 185.90 level. Second,
we have another resistance at the 186.70 level. One of these two levels
can be a reversal point for GBP/JPY.
We need to watch out and observe if there is a bearish price action
at either of these levels. A reversal from either of these two levels
can lead to a fall to 183.50
to predict it's future price movements.
First, we have a moderate resistance level of 185.90 level. Second,
we have another resistance at the 186.70 level. One of these two levels
can be a reversal point for GBP/JPY.
We need to watch out and observe if there is a bearish price action
at either of these levels. A reversal from either of these two levels
can lead to a fall to 183.50
Comment:
Price is in the first resistance zone, watching the price action now
Trade active:
Sold@185.84
Trade closed manually:
closed@185.31 , nice quick dip
Trade active:
Price in second resistance zone. Sold@186.50