GBPJPY
Bearish Closed
Charts by TradingView

A Price Action Rising Wedge pattern formation on the 4 Hour time frame chart supports GBPJPY Bearish bias. A break of 196.540 will support the fall towards the target of 193.690 the break of 193.690 would push the price to 191.790.

SUPPORT AND RESISTANCE LEVELS
  • Pivot Point 198.193
  • Support S1: 197.976, S2: 197.853 , S3: 197.636
  • Resistance R1: 198.316 , R2: 198.533 , R3: 198.656