The GBP/JPY has been constantly forming a bearish flag and extending its downtrend.
Now the pair has again formed a bearish flag.
As per our analysis,once pair the breaks out below the trend line,we can expect the downtrend.
On the contrary,if it makes a bullish crossover above the resistance,we can expect short covering from the bears.
Now the pair has again formed a bearish flag.
As per our analysis,once pair the breaks out below the trend line,we can expect the downtrend.
On the contrary,if it makes a bullish crossover above the resistance,we can expect short covering from the bears.
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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.