Do not think that the pair is overbought and it will now, look at Japan economy and their policy. Japan will strong but not now. They are doing great work but their currency is weak against the all pairs.
Chart PatternsGBPJPYgbpjpyanalysisgbpjpybullishgbpjpybuygbpjpyforecastgbpjpyideagbpjpylonggbpjpysignalTrend AnalysisWave Analysis

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