GBPJP Challenges 146.00 Key Support Zone On Bearishness

13th November 2018 Off By binary
GBPJP Challenges 146.00 Key Support Zone On Bearishness

By FXTechstrategy Team

GBPJP Challenges 146.00 Key Support Zone On Bearishness

GBPJPY challenges 146.00 key support zone on bearishness. This is a follow through lower on the back of its Friday losses. On the downside, support comes in at the 145.50 level where a violation will aim at the 145.00 level. A break below here will target the 144.50 level followed by the 144.00 level. Conversely, resistance comes in at the 147.00 level followed by the 147.50 level. A cut through that level will set the stage for a move further higher towards the 149.50 level. Further out, resistance resides at the 150.00 level. All in all, GBPJPY faces further downside pressure on further decline.

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