The secondary trend of GBPJPY is sideways on charts. In its hourly chart, the pair is not sustaining at higher levels and consolidating with strong negative bias below its rising trend line to give break out at downside. Its 30 DMA is also supporting the upcoming bearish trend in the pair. It is sustaining above its important support level of 184.20. If it breaks its support level at downside then we can expect it show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in selling territory indicating the upcoming bearish trend in the pair.
STRATEGY: GBPJPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.
INDICATORS:-
MACD is sustaining in selling territory indicating the upcoming bearish trend in the pair.
STRATEGY: GBPJPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.