GBP/JPY: British Pound heading down to critical support at 148.585 support; potential sell short
What is going on now with GBP/JPY?
GBP/JPY: The British Pound attempted twice to reach the second target at 149.545 but failed and now has fallen below 149.040. The pair bounced at 148.585 in today's session but failed at 149.040 and has fallen out of the bullish channel. The Pound is looking weak and needs to maintain above 148.585 to head back up. The Pound could trigger a pullback to 147.900 if it fails at 148.585.
Support/ Short-148.585, 147.900,and 147.280
Resistance/ Long - 149.040, 149.545, and 150.000
The trade signals are posted on to our Telegram channel on a regular basis as per the link below.
Chart 2: The short-term view of the GBP/JPY price action in the four hours price chart highlights the direction of the trend and the support and resistance price points
Neither LeoPrime nor any of its third-party Information Providers shall be liable for any direct, indirect, incidental, special or consequential damages arising out of or relating to this Agreement or resulting from the use or the inability to use the Services, including but not limited to damages for loss of profits, use, data or other intangible damages, even if such party has been advised of the possibility of such damages. LeoPrime shall have no liability, contingent or otherwise, to you or to third parties, for the correctness, quality, accuracy, timeliness, reliability, performance, continued availability, completeness or delays, omissions, or interruptions in the delivery of the data and services available on this Website or for any other aspect of the performance of this service or for any failure or delay in the execution of any transactions through this service. In no event will LeoPrime be liable for any special, indirect, incidental, or consequential damages which may be incurred or experienced on account of you using the data or services made available on this Website, even if LeoPrime has been advised of the possibility of such damages. LeoPrime will not bear any responsibility to inform you of any difficulties experienced by LeoPrime or third parties, with respect to the use of the services or to take any action in connection therewith.