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GBPJPY Threatens Short Term Trend Resumption

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 2, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    GBPJPY - With price failure occurring on Tuesday, GBPJPY threatens short term trend resumption. If it continues to hold below the 186.01 level, we look for a move lower with eyes on the 184.24 level. On the upside, resistance is seen at the 186.00 level followed by the 187.00 level. A cut through that level will set the stage for a move further higher towards the 188.00 level. Further out, resistance resides at the 189.00 level. On the downside, support comes in at the 184.00 level where a

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