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GBPJPY analysis 22.10.2020

GBPJPY

The 137.76 resistance level is holding back buyers. At the moment, the ascending patterns of the H8 and H2 levels are truncated. A bearish divergence has formed on Awesome Oscillator, while Stochastic Oscillator indicates an overbought condition.

GBPJPY rate online: monitor the price movement in real time.

Trading recommendations:

Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending pattern of the H2 level.

Stop Loss for the resistance level 137.76.

Target levels: 136.36; 135.65; 135.05.

Author: admin
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