![GBPJPY Technical Analysis - the absence of a defined bearish reversal signal suggests take up the short side GBPJPY Technical Analysis - the absence of a defined bearish reversal signal suggests take up the short side](https://c.mql5.com/6/583/splash-564055.png)
GBPJPY Technical Analysis - the absence of a defined bearish reversal signal suggests take up the short side
![Sergey Golubev Sergey Golubev](https://c.mql5.com/avatar/2012/12/50D09349-3D90.jpg)
Resistance | Support |
---|---|
184.03 | 182.28 |
186.20 | 180.53 |
189.70 | 178.37 |
Risk/reward considerations argue against entering long with prices in close proximity to resistance. On the other hand, the absence of a defined bearish reversal signal suggests taking up the short side is premature. We will remain flat for now, waiting for an actionable opportunity to present itself.