GBPJPY Chart Technical Outlook continues to make lower lows and lower highs, the wedge target is located at 189.57
GBP/JPY continues to make lower lows and lower highs. We will complete a bullish Crab formation at 189.90. The measured move target from the wedge pattern is located at 189.57. We have a 261.8% extension level located at 188.20.
Resistance: 191.84 (supply), 194.18 (bespoke), 195.38 (swing low)
Support: 189.90 (Crab), 189.57 (wedge), 188.20 (261.8%)
