{"id":226925,"date":"2019-05-21T15:15:56","date_gmt":"2019-05-21T19:15:56","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=226925"},"modified":"2021-08-29T07:10:34","modified_gmt":"2021-08-29T11:10:34","slug":"forex-trading-gbpjpy-price-may-reverse-at-139","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/forex-trading-gbpjpy-price-may-reverse-at-139","title":{"rendered":"Forex Trading: GBPJPY Price May Reverse at $139"},"content":{"rendered":"
Should the Bulls push the price above $141 level and the daily candle close above the level, then, the price may move up further and make $143 level as its target. In case the Bears defend the $141 level bearish trend may continue.<\/p>\n
GBP\/JPY Market<\/strong><\/p>\n Supply levels: $141, $143, $145, $146 <\/p>\n The bearish movement continues in the GBPJPY<\/a> market. GBPJPY has been strongly bearish for more than two weeks. Last week was not exempted, the Bears maintained their pressure and the barrier at $141 level was penetrated, the GBPJPY price decreased to $139 level which is our last week predicted the target. Today, a strong daily bullish candle formed at the demand level of $139, which may be a sign of trend reversal.<\/p>\n The GBPJPY currency pair remains trading<\/a> below 21 periods EMA and 50 periods EMA and the pair is moving farther away from the EMAs which indicate the strong bearish pressure in the GBPJPY market. The Relative Strength Index period 14 is at 20 levels with the signal lines bending up to indicate a buy signal.<\/p>\nKey levels:<\/strong><\/h3>\n
\nDemand levels: $139, $137, $134<\/p>\nGBPJPY Long-term trend: Bearish<\/h2>\n