GBPJPY Technical Analysis

Analytic Dave 11/02/2021 10:43:00 PM

GBPJPY Technical Analysis

Technically, GBPJPY is currently on a bearish trend. At the 15 minutes to 4-hour Chart, it forms a bearish flag that will automatically send it to the zone around 150. 855. It means that soon we might see it drop to around support area 149.62. However, patience remains an essential factor in this case situation. Therefore, our quick analysis and bias for GBPJPY is a bearish trend. Remember, risk management and well-calculation of lot size will be vital while trading GBPJPY. Trade Safe.

GBPJPY Support

Support 1: 155.4

Support 2:151.88

Support 3: 149.62

GBPJPY Resistance

Resistance 1: 156.5

Resistance 2: 160.34

Resistance 3: 163.88

GBPJPY Technical Analysis: Our Bias: Bearish Trend

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