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GBP/JPY Technical Analysis: daily bearish trend to be continuing

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by , 07-26-2016 at 08:51 PM (1128 Views)
      
   
GBP/JPY D1: bearish trend to be continuing. The price is located below Ichimoku cloud for the bearish market condition: price broke symmetric triangle pattern to below for the 133.22 nearest bearish target to re-enter.

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If the price breaks 133.22 support level to below on close D1 bar so the bearish trend will be continuing with 128.75 possible bearish target.
If the price breaks 143.22 resistance to above on close D1 bar so the bullish reversal will be started.
If not so the price will be continuing with the ranging within the levels.

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