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GBPJPY






12/27/2017 2:50:00 AM

GBPJPY - Technical Analysis: Wednesday, 27/12/2017 07:50 GMT



The pair moves at 38.2% Fibonacci correction level and settles below it, and trades are confined inside rising wedge pattern, indicating that the price will head to resume the general bearish trend in the coming period.

The first target is located at 146.00, and breaking it will push the price to 141.40, while surpassing 154.25 will lead the pair for more bullish correction on the short term basis.


Target
Risk


Support
Resistance


Trend Bearish

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