GBPUSD postpones the upward rally
Hello everyone,
GBPJPY 6H NEW FORECAST
During Friday's trading, the pair's price was exposed to strong negative pressure. We noticed that it sneaked below the 186.25 level, forming a negative two-peak pattern. We noticed that it incurred some losses by touching the 185.50 level.
Despite the general stability within the axes of the ascending channel, the price presenting repeated negative closes below 186.25 and presenting the main indicators of negative momentum, these factors support the dominance of the bearish corrective tendency again, increasing the chances of the price falling soon towards 185.20, reaching support for the ascending channel extending towards 184.85.
The expected general trend for today: corrective bearish
GBPJPY 6H NEW FORECAST
During Friday's trading, the pair's price was exposed to strong negative pressure. We noticed that it sneaked below the 186.25 level, forming a negative two-peak pattern. We noticed that it incurred some losses by touching the 185.50 level.
Despite the general stability within the axes of the ascending channel, the price presenting repeated negative closes below 186.25 and presenting the main indicators of negative momentum, these factors support the dominance of the bearish corrective tendency again, increasing the chances of the price falling soon towards 185.20, reaching support for the ascending channel extending towards 184.85.
The expected general trend for today: corrective bearish
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