GBPJPY Daily
Price pulled up and created a new possible lower high while also rejecting from key 61.8 fib retracement.
As of now price will need to break or bounce from 145.00 support.
A break below could lead price towards 144.00- 143.00 support region.
A bounce from 145.00 support would need to see price break above descending trend line in order for bulls to gain control.
Overall my bias is leaning towards seeing price stay below Trend line and break below 145.00 support.
Price pulled up and created a new possible lower high while also rejecting from key 61.8 fib retracement.
As of now price will need to break or bounce from 145.00 support.
A break below could lead price towards 144.00- 143.00 support region.
A bounce from 145.00 support would need to see price break above descending trend line in order for bulls to gain control.
Overall my bias is leaning towards seeing price stay below Trend line and break below 145.00 support.