{"id":203210,"date":"2023-11-30T01:55:00","date_gmt":"2023-11-29T20:25:00","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=203210"},"modified":"2023-11-30T01:55:00","modified_gmt":"2023-11-29T20:25:00","slug":"stays-bearish-despite-facing-support-around-187-00-as-double-top-looms-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/stays-bearish-despite-facing-support-around-187-00-as-double-top-looms-crypto-news\/","title":{"rendered":"Stays bearish despite facing support around 187.00 as double top looms &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>GBP\/JPY daily chart depicts the formation of double top chart pattern.<\/strong><\/li>\n<li><strong>If the pair drops below the Kijun-Sen, expect further downside toward 180.76, due to double top\u2019s confirmation.<\/strong><\/li>\n<li><strong>Buyers maintaining the exchange rate above 187.00, could increase the odds of challenging the YTD high.<\/strong><\/li>\n<\/ul>\n<p>The GBP\/JPY drop extended to three straight days, as it printed losses of 0.09% late in the New York session, with the pair exchanging hands near its opening price at around 187.07.<\/p>\n<p>Even though the GBP\/JPY is trading with a negative bias, it has failed to extend its losses below the 187.00 figure, which could have exposed the Tenkan-Sen level at 186.55. A breach of the latter would likely resume the ongoing downtrend, with sellers eyeing the Senkou Span A at 185.63, followed by the Kijun-Sen support at 184.71.<\/p>\n<p>Given the fact that a \u2018double top\u2019 chart pattern is pending further confirmation, a daily close below the abovementioned Kijun-Sen level would validate the pattern, which is targeting the October 30 swing low of 180.76.<\/p>\n<p>On the other hand, keeping the spot price above the Tenkan-Sen and the 187.00 mark could put into play a test of the year-to-date (YTD) high seen at 188.65.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/JPY Price Analysis \u2013 Daily Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638368851925350778.png\"><\/a><\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/JPY Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: GBP\/JPY daily chart depicts the formation of double top chart pattern. If the pair drops below the Kijun-Sen, expect further downside toward 180.76, due to double top\u2019s confirmation. Buyers maintaining the exchange rate above 187.00, could increase the odds of challenging the YTD high. The GBP\/JPY drop extended to three straight days, as it [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,298,257,276,409,255,250,252,247,253,249,308,256,254],"class_list":["post-203210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-gbpjpy","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=203210"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203210\/revisions"}],"predecessor-version":[{"id":203211,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203210\/revisions\/203211"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6643"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=203210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=203210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=203210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}