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GBPJPY Extends Its Sells Off, Targets 183.86 Region

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 6, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    GBPJPY - With the cross tumbling lower on Thursday and following through lower during Friday trading today, further downside pressure is expect. It looks to retarget its key support at the 183.86 zone. On the downside, support comes in at the 184.00 level where a violation will aim at the 183.36 level. A break below here will target the 182.50 level followed by the 182.00 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, resistance is seen at the 185.00 level

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