Support - S1 : 179.263 | S2 : 178.069 | S3 : 175.735
Resistance - R1 : 182.791 | R2 : 185.125 | R3 : 186.319
Main Trend - Bearish
Intraday Trend - Bearish
The 4H chart of forex technical analysis of the exchange rate GBPJPY can give us very clear the technical view. The price moves within the upper channel of Andrew's Pitchfork and remains below EMA(50) and EMA(200). The exchange rate accepts strong pressure who lead the price at a local double bottom on the daily chart.
Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:
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Resistance - R1 : 182.791 | R2 : 185.125 | R3 : 186.319
Main Trend - Bearish
Intraday Trend - Bearish
The 4H chart of forex technical analysis of the exchange rate GBPJPY can give us very clear the technical view. The price moves within the upper channel of Andrew's Pitchfork and remains below EMA(50) and EMA(200). The exchange rate accepts strong pressure who lead the price at a local double bottom on the daily chart.
Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:
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