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The GBP/JPY trades flat ahead of Trump’s tariff announcement. It hits an high of 194 yesterday and is currently trading around 193.48. Intraday trend is bearish as long as resistance 195 holds.
It is trading below 34 and above 55 EMA (Short-term) and above 200 EMA (long term on the 4-hour chart, confirming a mixed h trend. Immediate resistance is at 194,a breach above this level targets of 195/196. Downside support is at 192.40 with additional levels at 191.70/191/189.80/188.75/188/187.25/186/185.
Market Indicators
CCI (50)- Bearish
Directional movement index - bearish
It Is good to sell below 192 with SL around 193 for a TP of 190.
