GBPJPY is heading towards 192.1150 and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Supports and resistances are primary concepts of technical analysis. GBPJPY is heading for an important price of 192.1150 – read about what this could mean for the future.
