The GBP/JPY pair is currently in a downchannel formation.
It is currently at its resistive trendline.
Hence we expect the pair to reverse its course of action and move south from here.
It is currently at its resistive trendline.
Hence we expect the pair to reverse its course of action and move south from here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.