GBPJPY - Looks like a nice long-term Short as the JPY has gained strength due to an FX Intervention last weekYou can clearly see this huge bearish candle on the weekly indicating the bears have taken over and want to move this market down towards 147.500 and possibly lower (potential 1100-1300 pips)
This is a High probability setup, GBP has been the weakest currency along with EUR since January
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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.