Forex - Chart GBP/JPY Update: Risk stays on the downside


Published at 04:47 (GMT) 06 Jul

  

Chart GBP/JPY Update: Risk stays on the downside (LAJC8401)

06 Jul GBP/JPY Daily

04::44 GMT - Intraday trade staging recovery from this morning's low of189.22 but the bearish breakout of 3-day pennant is keeping pressure on the downside and shorts favoured, seeking later extension to 188.98 then 188.55. [W.T]

R5: 192.52 3 Jul high
R4: 191.92 intraday level
R3: 191.72 intraday level
R2: 191.39 29 Jun low, break
R1: 190.94 intraday level

S1: 189.22 intraday level
S2: 188.98 10 Jun low
S3: 188.55 * 1 Jun low
S4: 187.81 * 25 May low
S5: 187.10 20 May low

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