“¢ The cross extended its sideways consolidative price action and remained well within the striking distance of near two-week lows, forming a rectangular chart pattern on hourly charts. “¢ Given last week’s break below 2-1/2-month-old ascending trend-line support, the rectangle might still be categorized as a continuation pattern and marks a pause in the recent bearish trend. “¢ Meanwhile, technical indicators on 4-hourly/daily charts maintained their mildly bearish bias and support prospects for further near-term depreciating move amid renewed Brexit jitters. “¢ A convincing break below 50-day SMA support near mid-144.00s will reinforce the bearish outlook and turn the pair vulnerable to accelerate the downfall towards 143.75-70 support zone. GBP/JPY 4-hourly chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index stuck around 96.50 ahead of US data FX Street 4 years "¢ The cross extended its sideways consolidative price action and remained well within the striking distance of near two-week lows, forming a rectangular chart pattern on hourly charts. "¢ Given last week's break below 2-1/2-month-old ascending trend-line support, the rectangle might still be categorized as a continuation pattern and marks a pause in the recent bearish trend. "¢ Meanwhile, technical indicators on 4-hourly/daily charts maintained their mildly bearish bias and support prospects for further near-term depreciating move amid renewed Brexit jitters. "¢ A convincing break below 50-day SMA support near mid-144.00s will… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
