#GBPJPY - Possuble Correction Downwards
#trading_idea 💡
The price broke through the uptrend line, which has been the support of the pair for a long time. MA (20) is higher than the price, while the MACD indicates a possible downward correction.
🔼 If this is a false brake down of the trend line the price may come back towards resistance 187.523.
🔽Otherwise, a slide to the support at 186.152 is likely. In case the pair will break down this level we ma see the level 184.980.
😎 Hit "👍" if you foresee the price will rise and "👎" if you foresee it dropping.
The price broke through the uptrend line, which has been the support of the pair for a long time. MA (20) is higher than the price, while the MACD indicates a possible downward correction.
🔼 If this is a false brake down of the trend line the price may come back towards resistance 187.523.
🔽Otherwise, a slide to the support at 186.152 is likely. In case the pair will break down this level we ma see the level 184.980.
😎 Hit "👍" if you foresee the price will rise and "👎" if you foresee it dropping.
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