GBPJPY Chart Technical Outlook is gaining bearish momentum, with supports at 196.90 and 195.50
The Pound has been moving without a clear direction over the last sessions. Still, the descending triangle and a potential double top at 199.70 suggest that the bullish cycle from September might be about to reverse.
Immediate support is at the bottom of the triangle at 196.90 with the double top’s neckline at 195.50. Resistances are 197.55 (triangle top) and 198.45.
