The Pound
versus the Yen has kept a very organized up trend as we can see on the daily
chart. The 189.74 has been a good resistance level in the past, and that is why
the price is having difficulties breaking above that level. A breakout to the
downside of the bullish trend line could give us an opportunity to go long or
buy at the 185.00 level if the price drops to that zone, which in the past was
a good resistance and it may become a good support. Below the 185.00 level, the
181.00 could be its next important support.
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Well spotted! I'll keep it in mind.
ReplyDeleteThank you for the analysis, I will keep it in mind!
ReplyDeleteVery useful information! Thanks.
ReplyDeleteConsolidation continues for the moment.
ReplyDeleteBrilliant!
ReplyDeleteI agree with your point.
ReplyDeleteWell done analysis. thank you.
ReplyDeleteWell spottedm thank you.
ReplyDelete