The best regulated crypto exchange
Find out why?

113.50 level new bearish target: GBP/JPY technical analysis

By Nathan Batchelor

GBP/JPY technical analysis shows that a huge head and shoulders pattern has been activated across the lower and higher time frames. A decline towards the 113.00 level seems increasingly likely.

The four-hour time frame also shows that a larger bearish pattern has formed, which could see the GBP/JPY pair falling towards the 109.00 level.

Continued weakness below the 126.40 level should see the GBP/JPY pair remaining under heavy selling pressure.

GBP/JPY technical summary

GBP/JPY analysis points to a coming decline towards the 113.00 to 112.00 technical area. Bearish patterns are playing out across various time frames.

Like to share your thoughts and ideas about crypto and trading? You could join us as an external author. Email us on [email protected] to find out how you could become a contributor.
Subscribe to news
iMac Image
The most beautiful trading app
google play storeapple store
iPhone Image
iPhone Image