Support - S1 : 183.462 | S2 : 182.761 | S3 : 181.967
Resistance - R1 : 184.957 | R2 : 185.751 | R3 : 186.452
Main Trend - Bearish
Intraday Trend - Bearish
Analyzing the 4H chart of forex technical analysis for the exchange rate GBPJPY we can observe that the price remains below EMA(50) and EMA(200), and at the same time moves within the upper channel of Andrew's Pitchfork. Also, we have to notice that there is a possibility price action to form a triangular formation.
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 : 184.957 | R2 : 185.751 | R3 : 186.452
Main Trend - Bearish
Intraday Trend - Bearish
Analyzing the 4H chart of forex technical analysis for the exchange rate GBPJPY we can observe that the price remains below EMA(50) and EMA(200), and at the same time moves within the upper channel of Andrew's Pitchfork. Also, we have to notice that there is a possibility price action to form a triangular formation.
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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