GBP/JPY Trading Analysis (29/08/2024)
The trend is descending. The bulls are testing the important rounded level of 192.000. The ascending truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator.
Trading idea:
- Sell at the breach of 190.24.
- Stop-loss at 192.00.
- Price targets at 188.50 and 185.00.
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