Short-term pullback possible in GBP/JPY, buy or sell?
Hello traders! GBP/JPY seems to have found some support near
the 182.65 level.
📌Price has not gone below 182.65 despite multiple attempts by
the bears to break it. So, 182.65 can be considered a minor support.
📌If the minor support level holds, we can expect GBP/JPY to pullback
towards the 4H EMA level near 184 or even 184.70.
📌However, I do not recommend traders to buy GBP/JPY as the daily
and weekly trend indicates that price can fall further towards 179.
My recommendation is to wait for a pullback and then sell if GBP/JPY
reaches the 184.70-185.20 level.
the 182.65 level.
📌Price has not gone below 182.65 despite multiple attempts by
the bears to break it. So, 182.65 can be considered a minor support.
📌If the minor support level holds, we can expect GBP/JPY to pullback
towards the 4H EMA level near 184 or even 184.70.
📌However, I do not recommend traders to buy GBP/JPY as the daily
and weekly trend indicates that price can fall further towards 179.
My recommendation is to wait for a pullback and then sell if GBP/JPY
reaches the 184.70-185.20 level.
Comentarios:
As expected price made a pullback of 60 pips