TAKE PROFIT -184.226
RFXSIGNALS provides the latest technical analysis of the GBP/JPY (British Pound Sterling/Yen). You may find the analysis on a daily basis with forecasts for the global daily trend. You may also find live updates around the clock if any major changes occur in the currency pair.
Despite the GBPJPY pair’s stability within the bullish channel, facing strong negative pressures and fluctuating below 186.35 barrier confirmed its affection by the domination of the correctional bearish bias, to notice touching 185.10 as expected previously.
Now, the fluctuation of the MA55 near the mentioned barrier confirms confining the price within the negative track for now, to expect forming new bearish waves soon to attempt to press on the bullish channel’s support line at 184.60, followed by monitoring the price behavior due to the importance of this level to detect the next main trend.