{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbpjpy-sellers-lose-strength\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbpjpy-sellers-lose-strength\/","headline":"GBPJPY Sellers Lose Strength","name":"GBPJPY Sellers Lose Strength","description":"Market Analysis – Price May Continue Sideways\u00a0 GBPJPY sellers lose strength; buyers attempt to bounce. The pair has been experiencing a lack of clear direction since November. Both buyers and sellers have been engaged in a tug of war, resulting in a sideways market and indecision. The buyers have struggled to break above the 188.900 […]","datePublished":"2023-12-08","dateModified":"2023-12-08","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/12\/gtEMyZ2I.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/12\/gtEMyZ2I.png","height":589,"width":1195},"url":"https:\/\/forexschoolonline.com\/gbpjpy-sellers-lose-strength\/","about":["Article","charts","Forex","FX Technical Analysis","GBP\/JPY","GBPJPY","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis"],"wordCount":263,"keywords":["Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Price Chart","Technical Analysis"],"articleBody":"Market Analysis – Price May Continue Sideways\u00a0GBPJPY sellers lose strength; buyers attempt to bounce. The pair has been experiencing a lack of clear direction since November. Both buyers and sellers have been engaged in a tug of war, resulting in a sideways market and indecision. The buyers have struggled to break above the 188.900 resistance zone, as the sellers have shown interest in defending that level. Similarly, the sellers have been unable to push the price below the significant level of 184.500, indicating a limited range of trading activity.GBPJPY Key LevelsResistance Levels: 188.900, 185.900Support Levels: 182.800, 178.090Currently, the buyers are attempting to drive the market back into the sideways phase. However, before they can successfully penetrate the 185.900 significant zone, the sellers still have a decision to make. If the sellers’ intensity surpasses that of the buyers, we may see more selling pressure in this market.The Price Oscillator indicator on the daily chart shows a lower pace this time, with the signal line approaching the 0.00 line. This suggests that sellers may have been missing the flow again this week. The momentum indicator continues to decelerate towards the lower region.Market ExpectationOn the 4-hour chart, sellers are facing limited opportunities to push the price lower. Buyers are willing to take the trade back into the sideways phase. Traders who are looking for a dip should anticipate a drop below the significant level of 184.500 this week.Note:\u00a0Forexschoolonline.com is not a financial advisor. Research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results"}