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GBPJPY/ BEARISH MOMENTUM STRENGTHENS, BREAKS KEY SUPPORT

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The recent price action confirms the bearish trend as the pair has consistently closed below the 190.63 level. This suggests that sellers remain in control, increasing the likelihood of further downside movement. The next key target is the 188.94 support level, where a potential reaction may occur. If the price successfully breaks this level, bearish momentum is expected to continue, opening the way for further declines toward 187.89. A sustained move below this point would confirm the continuation of the downtrend, with the next major support positioned near 186.96. The presence of negative momentum from technical indicators further strengthens the bearish outlook, increasing the probability of additional declines in the short term.

Tendency Keys: 190.63
Resistance Line: 190.63, 194.62, 196.45
Support Line: 188.94, 187.89, 186.96
Dagangan aktif
The price has rebounded above 192.31, indicating potential upward momentum. If this trend continues, the price may advance further toward 194.62.

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