💱 GBPJPY - A flat is being formed. Support retest

19 באוק׳ 2023

GBPJPY continues to form a flat. Earlier there were false breakouts of resistance and support (shakeouts)
And another breakout attempt may lead to a real breakout, not a false one



TA on the high timeframe:
1) The pound continues to weaken and is testing support. The currency may weaken in the long term
2) Similarly, the GBPJPY may test the support at 180.7 in the near term.

TA on the low timeframe:
1) There are no prerequisites for further breakout at the moment.
2) High probability of a bounce from the support
3) I am waiting for a false break of the support and probable growth

Key support: 180.7
Key resistance: 182.6