GBP/JPY is currently in a descending triangle formation.
The decreasing strength in the counter is evident. And the MACD has also turned bearish in the 4-hour chart.
Hence, we expect the pair to render a bearish breakout and move down from here.
The decreasing strength in the counter is evident. And the MACD has also turned bearish in the 4-hour chart.
Hence, we expect the pair to render a bearish breakout and move down 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.